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The American crypto company Harmony was hit by a $ 100 million robbery



(Reuters) – The American crypto company Harmony said on Friday that thieves stole digital coins worth about 100 million dollars from one of its key products, the latest in a series of cyber robberies in a sector that has long been targeted by hackers.

Harmony develops blockchains for so-called decentralized financing – peer-to-peer sites that offer loans and other services without the traditional gatekeepers such as banks – and non-fungal tokens.

The California-based company said the robbery hit its Horizon bridge, a tool for transferring crypto between different blockchains – the underlying software used by digital tokens such as bitcoin and ether.

Thefts have long plagued companies in the crypto sector, with blockchain bridges increasingly targeting. More than $ 1

billion has been stolen from bridges so far in 2022, according to London-based blockchain analysis firm Elliptic.

Harmony tweeted that they “cooperated with national authorities and forensic specialists to identify the culprit and recover the stolen funds”, without giving further details.

It did not immediately respond to requests for comment sent via email and social media.

Elliptic, which tracks publicly visible blockchain data, said the hackers stole a number of different cryptocurrencies from Harmony, including Ether, Tether and USD Coin, which they later switched to ether using so-called decentralized exchanges.

In March, hackers stole about $ 615 million worth of cryptocurrency from Ronin Bridge, which is used to transfer crypto in and out of the game Axie Infinity. The United States linked North Korean hackers to the theft.


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