- Just the previous week, hackers attacked harmony blockchain to wipe out $100 Million worth of crypto assets.
- But in the latest news, hackers are making their moves and have already started to launder the funds, as per a data tracker.
- As of now, Harmony was downtrending by 7.74% during the past 24 hours, trading at the market value of $0.02169.
Hackers Making In-Harmonious Moves
Recently, the Harmony blockchain got disrupted by hackers, where they wiped out $100 Million worth of crypto assets.
As per a data tracker, PeckShield, 3 transactions were traced moving from the attacker’s wallet.
PeckShield posted a Tweet mentioning that 18k Ethereum were moved from the exploiters’ wallet.
The attackers initiated 3 transactions which involved the funds stolen from the Harmony blockchain, with over $60 Million still resting in the hacker’s digital wallet.
Harmony’s twitter account posted the details of the hack on 24th June.
1/ The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM. We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.
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— Harmony
Harmony is a PoS blockchain incepted back in 2019. Its Horizon Bridge enables the folks to transfer digital assets through pooling considerable amount of coins in a solo pool and “blending” them, a method basically utilized in laundering the illegitimately acquired tokens.
Hackers Getting Fearless
Crypto sector undoubtedly has offered some mouth watering incomes to the people, but it has also attracted a lot of hackers in the space.
Recently, people witnessed the fall of Axie Infinity’s Ronin Bridge, where the hackers were able to crack throughout the vulnerability of the ecosystem, wiping out $612 Million in crypto assets.
But the Ronin Bridge is relaunching, and has maintained the trust among the community, and will pay every single penny back to the victims of this attack.
As per some experts, a crypto sphere is an easy reach fruit hanging by the tree for the attackers. Elliptic’s Tom Robinson states that this sphere is a honeypot for these unethical elements.
Though there are risks regarding the crypto assets, people too, are responsible for this, as they are easily lured into the traps. Apart from the big hacks, hacklers also target the general population in the sector who are desperate for making money through the investment.
However, developers and general folks can always use precautions, and with respect to massive hacks like Ronin Bridge or this aforementioned Harmony attack, devs should constantly look for the vulnerabilities in the ecosystem, and fill the gap before the hackers discover it.
This way, they can make sure that the attacker don’t have a chance to get into the system with ease, and might prevent the attack from happening.
Source: https://www.thecoinrepublic.com/2022/06/28/money-laundering-of-stolen-harmony-blockchain-funds-initiated-by-hackers/