Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
DeFi Attack
Harmony’s Horizon Bridge Suffers a 100M Exploit in Latest DeFi Attack
The Horizon bridge to the Harmony blockchain has lost $100 million worth of altcoins to a malicious actor. Harmony announced today morning via Twitter. [embed]https://twitter.com/harmonyprotocol/status/1540110924400324608?s=20&t=cgXzjYq4foPyAMVF1G8Tcg[/embed] Following a brief investigation, the Harmony team pinpointed the attacker’s Ethereum address. After compromising the Horizon bridge, the attacker transferred different tokens to their wallet, with the first transfer coming a little over 20 hours ago. According to Harmony, this exploit did not impact the trustless Bitcoin (BTC) bridge. The protocol claims this bridge’s funds…
3 years ago