Saturday, May 18, 2024

Hackers steal $100 million from California cryptocurrency firm


By Sean Lyngaas | CNN Business

Hackers have stolen the equal of $100 million from a California-based cryptocurrency firm within the newest big-money hack within the digital foreign money business.

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The unidentified thieves hit a “bridge” — a program that permits for the switch of cryptocurrency — the victimized firm, Harmony, announced on Twitter Thursday night time.

“Harmony is working around the clock as we continue our investigation alongside the FBI and multiple cyber security firms,” stated the firm, which makes a speciality of blockchain expertise that underpins cryptocurrency transactions.

Harmony joins an extended checklist of cryptocurrency corporations which were plundered by hackers for a lot of tens of millions of {dollars} at a time. This 12 months alone, hackers have stolen over $1 billion from cryptocurrency bridges, according to Elliptic, a firm that tracks transactions on the blockchain.

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