Harmony’s Horizon Bridge Hacked for $100 Million

On Thursday, crypto firm Harmony’s blockchain bridge, known as Horizon, announced that it was hacked for $100 million, becoming the latest major hack of a blockchain bridge in recent months.

Hackers have increasingly exploited the security vulnerabilities of blockchain bridges, which enable users to transfer their digital assets across different blockchains. Harmony’s Horizon hack follows on the heels of other high-profile attacks on blockchain bridges, including Axie Infinity’s Ronin bridge, which saw $600 million of crypto disappear this past March, and Wormhole, which lost $320 million in a criminal heist in February.

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