The Harmony Heist: US $100M Stolen💰
Hashing Bits | Week-25
Events Under the Spotlight 🔎
Harmony Protocol’s Horizon bridge hacked, $100M stolen
The Harmony Protocol bridge suffered a hack that led to a loss of $100M.
The bridge exploiter stole 11 different ERC-20 tokens and 13,100 Ether from the bridge.
The stolen funds were transferred to other ERC-20 tokens to two other wallets to swap via UniSwap and other DEXs back to ETH.
The protocol is suspected to suffer private key compromise.
Convex Finance’s DNS domain was hijacked
Convex Finance’s DNS domain was hijacked, directing users to approve malicious contracts for some interactions on the site.
A total of 215 ETH were lost during the event.
Users were asked to contact the support team for reimbursement.
The reason is known to be a compromised employee.
Vulnerability spotted in WhaleLoans protocol
A vulnerability was discovered in the WhaleLoans protocol’s stable pool implementation.
An attacker took a flash loan to exploit the vulnerability and earned ~12K (5,946 BUSD and 5,964 USDT).
The problem pertains to be associated with the k-value check.
PandoraChain DAO flash loaned for $128k
PandoraChain DAO suffered a flash loan attack and was hacked for $128K.
The hacker manipulated the $PCD price through a flash loan to get a large amount of $PCD locked tokens.
Then unlocked the $PCD tokens multiple times and swapped them for USDT.
Justcows on BNB Chain fell for a Rug Pull
Justcows on BNB Chain rugged investors for $5M.
The project party distributed a large amount of BUSD to tens of thousands of addresses in the form of currency mixing.
Some of the funds were transferred to HunterSwap, and some entered the exchange.
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