Harmony's $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst – Bitcoin News

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Harmony's $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst – Bitcoin News
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Mudit Gupta says the HorizonBridge attacker allegedly took control of the multi-signature wallet leveraged in Harmony's bridge.

On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic specialists. According to an account published Polygon’s chief information security officer, Mudit Gupta, the Horizon bridge attacker allegedly took control of the multi-signature wallet leveraged in Harmony’s bridge.

Three days ago, Harmony explained that it was attacked and the team witnessed $100 million siphoned from the Horizon bridge. “The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100 [million],” Harmony

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