Home News California Hackers steal $100 million from California cryptocurrency firm

Hackers steal $100 million from California cryptocurrency firm

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.

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.

Cryptocurrency bridges are prime targets for hackers, Elliptic stated, as a result of they retailer giant quantities of liquidity.

It’s unclear who looted Harmony’s digital coffers.

The FBI in April blamed North Korean government-backed hackers for a roughly $600-million hack of common online game firm.

The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.





Source link

Exit mobile version