$100 million worth of crypto has been stolen in another major hack
— Horizon, Million, Stolen, Hack, Bridge, Worth, Major, Bridges, Hackers, Target, Harmony, Blockchain, Crypto — 1 min read
Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called "blockchain bridge" It's the latest major heist in the world of decentralized finance. The start-up says it's working with the Federal Bureau of Investigation and cybersecurity firms to investigate the attack. The attack did not affect a separate bridge for bitcoin, which Harmony said was hacked. The heist adds to a stream of bad news in crypto lately, including a freeze on withdrawals from crypto lenders Celsius and Babel Finance after a sharp drop in the value of their assets resulted in a liquidity crunch. The Ronin Network, which supports crypto game Axie Infinity, lost more than $600 million in a security breach in March. Source