{"id":3650,"date":"2022-06-24T12:35:05","date_gmt":"2022-06-24T12:35:05","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/06\/24\/78-mln-of-stolen-harmony-protocol-funds-recoverable-heres-how\/"},"modified":"2022-06-24T12:35:06","modified_gmt":"2022-06-24T12:35:06","slug":"78-mln-of-stolen-harmony-protocol-funds-recoverable-heres-how","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/06\/24\/78-mln-of-stolen-harmony-protocol-funds-recoverable-heres-how\/","title":{"rendered":"$78 Mln Of Stolen Harmony Protocol Funds Recoverable, Here&#8217;s How"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/breaking-company-that-lost-84m-in-the-harmony-hack-recovers-funds\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p><span style=\"font-weight: 400;\">Harmony Protocol\u2019s Horizon Bridge was <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/harmonyprotocol\/status\/1540110924400324608\">hacked for about $100 million<\/a>, Harmony Protocol\u2019s Twitter account introduced.\u00a0 Metaverse software program firm, AAG Ventures, took the key brunt. Out of the approx. $100 mln misplaced within the hack, AAG misplaced $84 mln.<\/span><\/p>\n<div class=\"quads-location quads-ad90952\" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<p><a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<p><span style=\"font-weight: 400;\">Now, AAG has introduced that they have been in a position to <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/aag_ventures\/status\/1540213678380924928\">freeze $78 mln out of the 84 million<\/a> that they misplaced.\u00a0<\/span><\/p>\n<h2><b>The Harmony Hack Explained<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Harmony protocol introduced that they&#8217;ve stopped the Horizon bridge to make sure the protection of the remaining funds. They revealed that they began working with authorities and forensics consultants to retrieve the quantity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Harmony printed the exploiter\u2019s <a rel=\"nofollow\" href=\"https:\/\/etherscan.io\/address\/0x0d043128146654c7683fbf30ac98d7b2285ded00\">Ethereum address<\/a> and disclosed that the trustless BTC bridge was not impacted. In a separate Tweet, they referred to as for a joint effort to construct extra trustless bridges which would offer increased safety.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mudit Gupta, a safety researcher and CISO of Polygon, revealed that the Horizon Bridge was utilizing a multi-signature mechanism to succeed in consensus. Out of the 5 signatures, if any 2 agreed on a transaction, it will undergo. The exploiter apparently <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Mudit__Gupta\/status\/1540225234153996288\">compromised 2 signatures<\/a> and was in a position to drain $100M.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mudit additionally revealed how the exploit could don&#8217;t have anything to do with any vulnerability within the Horizon Bridge or another blockchain security-related challenge. In reality, the hack could also be within the servers that have been working the 2 wallets liable for verifying any transaction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The hack is similar to how the <a href=\"https:\/\/coingape.com\/breaking-ronin-bridge-hacked-600-million-crypto\/\">Ronin Bridge was hacked for $600 mln<\/a>.<\/span><\/p>\n<h2><b>How AAG Recovered Its Losses<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">AAG had partnered with Lossless DeFi and was utilizing their mitigation instrument to guard its funds. As a outcome, Looseless was in a position to freeze about $78 mln of the $84 mln that was misplaced by AAG within the hack.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/losslessdefi\/status\/1540238634833559552\">stroke of luck<\/a>, Lossless had launched their protocol on Harmony solely a day in the past and have been in a position to intervene within the occasion of the hack.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tools like Lossless will grow to be extra necessary because the variety of exploits continues to stand up.<\/span><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA115686\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nNidhish is a expertise fanatic, whose purpose is to seek out elegant technical options to resolve a few of society&#8217;s largest points. He is a fim believer of decentralization and needs to work on the mainstream adoption of Blockchain. He can be massive into nearly each common sports activities and likes to converse on all kinds of subjects.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/d975e208df56193cc717ebd3d7e2419e?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/d975e208df56193cc717ebd3d7e2419e?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/d975e208df56193cc717ebd3d7e2419e?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/d975e208df56193cc717ebd3d7e2419e?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD115686\">\n<p> The introduced content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any accountability in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/breaking-company-that-lost-84m-in-the-harmony-hack-recovers-funds\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Harmony Protocol\u2019s Horizon Bridge was hacked for about $100 million, Harmony Protocol\u2019s Twitter account introduced.\u00a0 Metaverse software program firm, AAG Ventures, took the key brunt. Out of the approx. $100 mln misplaced within the hack, AAG misplaced $84 mln. Now, AAG has introduced that they have been in a position to freeze $78 mln [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[11],"tags":[96,2564,168,95,93,2574,1603],"class_list":["post-3650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-funds","tag-harmony","tag-heres","tag-mln","tag-protocol","tag-recoverable","tag-stolen","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/3650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=3650"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/3650\/revisions"}],"predecessor-version":[{"id":3651,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/3650\/revisions\/3651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/3652"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=3650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=3650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=3650"}],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