Crypto hackers steal $100 million from blockchain bridge
— Tangle, Promises, Entering, Tweets, Means, Trading revenue, Time high, Worst — 1 min read
Hackers seized a blockchain bridge developed by Harmony and swindled roughly $100 million in cryptocurrency, the company announced. A blockchain bridge is essentially a means of decentralized transfer between ledgers, making it a prime target for opportunists. It's a challenging time for cryptocurrency, which saw an emphatic boom during the coronavirus pandemic as homebound Americans turned to investment, with many first-time investors intrigued by digital currency. The tech sector has been hit hard as inflation and a tangle of other economic tensions drag down highflying companies and speculative sections of the market. Crypto crime hit a fresh all-time high of $14 billion last year, according to research from Chainalysis, up from $7.8 billion in 2020. Source