The staff behind Harmony Protocol is providing a $1 million reward for data resulting in the return of $100 million in altcoins stolen from its Horizon bridge.
“Concord will advocate for no felony fees when funds are returned,” the corporate’s official Twitter account posted on Saturday.
On Thursday, hackers stole $100 million in Wrapped Ethereum (WETH), AAVE, SUSHI, DAI, Tether (USDT) and USD Coin (USDC), after which swapped them for Ethereum.
The Concord staff has since discovered the deal with of the hacker and is working with “nationwide authorities and forensic specialists” to retrieve the stolen funds, according to a tweet.
Concord additionally halted all Horizon bridge exercise following the hack. Its native ONE token has dipped, and as of this writing was buying and selling for $0.02445—8.5% decrease than earlier than the hack was found on Friday.
Concord is a layer-1 proof-of-stake blockchain. Its Horizon bridge is a cross-chain bridge, that means it permits customers to ship belongings from one blockchain to a different. Horizon customers can transfer belongings between Concord’s community and Ethereum, Binance Chain, and Bitcoin.
Hackers lately have been concentrating on cross-chain bridges. Qubit Finance’s bridge was hacked for $80 million again in January, thieves stole $320 million from the Wormhole bridge a month later, and hackers drained $622 million in Ethereum and USDC from Axie Infinity’s Ronin bridge in March.
Wish to be a crypto skilled? Get the most effective of Decrypt straight to your inbox.
Get the most important crypto information tales + weekly roundups and extra!