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

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

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The Harmony layer-1 blockchain management group has revealed a bounty equivalent to 1% of the $100 million in cryptocurrency taken in recently’s Horizon Bridge occurrence.

On June 26, the group tweeted that the group has actually vowed $1 million towards recuperating the cash that had actually been drawn from the Horizon Bridge on June 23 “Harmony will promote for no criminal charges when funds are returned.

There have actually been concerns that the small reward quantity would not suffice to motivate the opponent to return the cash.

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

We dedicate to a $1M bounty for the return of Horizon bridge funds and sharing make use of details.

Contact us at [email protected] or ETH address 0xd6ddd996 b2d5b7db22306654 fd548 ba2a58693 a/c.

Harmony will promote for no criminal charges when funds are returned.

— Harmony (@harmonyprotocol) June 26, 2022

Harmony’s deal may be too low for the hacker

Harmony’s benefit deal is not as popular as other widely known exploits this year. In May, the Rari Fuse enemy was offered $10 million, or 12.5% of the overall taken. The $7.6 million that the Beanstalk Finance group approved represented 10% of the overall cash that was benefited from in April.

The cryptocurrency trader nicknamed on Twitter “Degen Spartan” called the benefit use an “insulting amount” given that it is so low.

” Imagine losing 100 m and believing you’re in a position to lowball for a 1% bounty lmwo these individuals are simply doing efficiency art to reduce legal liability.”

On June 25, Harmony developer Stephen Tse published an upgrade on the bridge attack, specifying that the group had actually found proof that personal secrets had actually been accessed, which had actually led to the breach of the bridge instead of a wise agreement code breach.

Tse stated that because the occasion, the Ethereum side of the bridge had “moved to a 4-5 multisig.” A person from the neighborhood raised the danger of the multisig wallet in April, nevertheless, the group did not react to the matter till today.

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