Hacker continues to exploit Harmony network

Following a $100m hack on the Harmony network last week, the attacker began moving further funds worth millions of dollars in cryptocurrencies last night.

Harmony is working with blockchain analysis firms and is aware of the attacks. The Federal Investigation Bureau (FBI) is also working with the network to crack down on the illicit behaviour and stop the hacker in their tracks.

Today, Harmony developers uploaded a thread explaining knowledge of the movement on Twitter: “We are aware the hacker has begun to move funds through Tornado Cash. The team is working with two highly reputable blockchain tracing and analysis partners, and collaborating with the FBI as part of an investigation into this criminal act”, it said.

Information from blockchain data shows the culprit moved 36,000 worth of Ethereum (ETH) to the value of $44m in the last 26 hours.

Yesterday, 18,000 ETH worth $22m was moved into three wallets which were then sent to Tornado Cash.

Today, the hacker moved another 18,000 ETH to another wallet, and 6,000 ETH was then sent to an additional wallet.

As of this morning, the main wallet currently holds more than 49,000 ETH to the value of $59m, causing the price of Harmony’s native token (ONE) to descend nearly 9% over the last 24 hours.

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Source

Updated: 06/28/2022 — 13:00