'A humbling and unfortunate reminder' that monsters lurk under bridges
June 24, 2022 By Thomas Claburn
Blockchain venture Harmony offers bridge services for transferring crypto coins across different blockchains, but something has gone badly wrong.
The Horizon Ethereum Bridge, one of the firm's ostensibly secure bridges, was compromised on Thursday, resulting in the loss of 85,867 ETH tokens optimistically worth more than $100 million, the organization said via Twitter.
"Our secure bridges offer cross-chain transfers with Ethereum, Binance and three other chains," the cryptocurrency entity explained on its website. Not so, it seems.
