$5.85
1H
-0.38%$0.0223
24H
-0.94%$0.0555
7D
10.0%$0.5318
30D
44.6%$1.80
Harmony’s Horizon Bridge facilitates transfer between Harmony and the Ethereum network, Binance Chain and Bitcoin. The Lazarus hacking group exploited a system weakness on the multichain network, thus siphoning about $100 million.
In the most recent report, Chainalysis research suggested that the illegal use of Tornado Cash was essentially associated with crypto hacks and scams, with an approximate average of thirty-four percent of all inflows.
As the team behind Nomad Bridge works on relaunching the platform, a fresh movement of 1200 ETH has been noticed from one of the wallet addresses linked to the hack.
While investigations are still ongoing, the case is rapidly developing. So far, the aBNBc token has lost over 99% of its value.
The Tornado Cash and Pertsev saga is a double-edged sword that the crypto community may want to give more review and consideration.