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Harmony’s Offer to the Hacker: $1 Million for $100 Million

You must perhaps well per chance perhaps be here: Dwelling / Knowledge / Crypto Scam / Harmony’s Offer to the Hacker: $1 Million for $100 Million June 27, 2022 by Vignesh Karunanidhi The Harmony layer-1 blockchain management crew has launched a bounty identical to 1% of the $100 million in cryptocurrency stolen in final week’s…

Harmony’s Offer to the Hacker: $1 Million for $100 Million

You must perhaps well per chance perhaps be here: Dwelling / Knowledge / Crypto Scam / Harmony’s Offer to the Hacker: $1 Million for $100 Million

Harmony’s Offer to the Hacker -$1 Million for $100 Million

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The Harmony layer-1 blockchain management crew has launched a bounty identical to 1% of the $100 million in cryptocurrency stolen in final week’s Horizon Bridge incident.

On June 26, the crew tweeted that the group has pledged $1 million toward recuperating the money that had been taken from the Horizon Bridge on June 23. “Harmony will advocate for no prison costs when funds are returned.

There had been worries that the cramped payoff quantity would no longer be ample to encourage the attacker to near abet the money.

The Harmony blockchain, Ethereum community, Binance Chain, and Bitcoin are all linked via the Horizon Bridge, a token bridge. This attack has no affect on the Bitcoin bridge.

We decide to a $1M bounty for the return of Horizon bridge funds and sharing exploit records.

Contact us at [email protected] or ETH take care of 0xd6ddd996b2d5b7db22306654fd548ba2a58693ac.

Harmony will advocate for no prison costs when funds are returned.

— Harmony 💙 (@harmonyprotocol) June 26, 2022

Harmony’s provide will be too low for the hacker

Harmony’s reward provide is not any longer as prominent as diversified properly-identified exploits this year. In May per chance well also, the Rari Fuse attacker was given $10 million, or 12.5% of the whole taken. The $7.6 million that the Beanstalk Finance crew granted represented 10% of the whole money that was taken income of in April.

The cryptocurrency supplier nicknamed on Twitter “Degen Spartan” dubbed the reward provide an “insulting sum” because it is so low.

“Imagine losing 100m and pondering you’re in a space to lowball for a 1% bounty lmwo these of us are upright doing performance art to mitigate ethical liability.”

On June 25, Harmony creator Stephen Tse posted an update on the bridge attack, bringing up that the crew had chanced on proof that non-public keys had been accessed, which had resulted within the breach of the bridge relatively than a dapper contract code breach.

Tse stated that since the event, the Ethereum facet of the bridge had “migrated to a 4-5 multisig.” A person from the group raised the threat of the multisig wallet in April, alternatively, the crew did no longer acknowledge to the matter except as of late.

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