LONDON—Crypto firm Harmony said on Friday that thieves stole around $100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers.
Harmony develops blockchains for so-called decentralized finance—peer-to-peer sites that offer loans and other services without the traditional gatekeepers such as banks—and non-fungible tokens.
The California-based company said the heist hit its Horizon “bridge,” a tool for transferring crypto between different blockchains—the underlying software used by digital tokens such as bitcoin and ether.
Thefts have long plagued companies in the crypto sector, with blockchain bridges increasingly targeted. Over $1 billion has been stolen from bridges so far in 2022, according to London-based blockchain analytics firm Elliptic….
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