![]() ![]() In March, $622m worth of Ethereum and USDC were stolen from Axie Infinity’s Ronin bridge. In January this year, Qubit Finance’s bridge was hacked for $80m and a month later, bad actors stole $320m from the Wormhole bridge. They expect ONE to reach 1.00 by February. GovCapital says that its price could reach up to 0.2565 by next year and 0.63905 by the end of 2023. Users can move their assets between Harmony’s network and Ethereum, Binance Chain and Bitcoin.Ĭross-chain bridges have recently been attacked a number of times by hackers. From an average of regular buying and selling. Launched in 2019 by Stephen Tse, Harmony Protocol is a proof of stake blockchain and its Horizon bridge is a cross-chain bridge, that allows users to move their assets from one blockchain to another. Harmony’s native token ONE, after nose-diving 10% following the attack, is currently trading lower by 5% at $0.023. "Its funds and assets stored on decentralized vaults are safe at this time," the company said. The Horizon bridge was stopped to prevent further transactions, and the company said that the exploit does not affect its trustless BTC bridge. ![]() It had also said that it was "working around the clock" alongside the FBI and "multiple cyber security firms." Harmony Price Prediction: Can Harmony Reach A New High of 1 Harmony (ONE) is an interesting crypto project, both in its concept and the technical. Harmony had earlier identified the address of the culprit and had stated that its team was working with "national authorities and forensic specialists" to retrieve the stolen funds. Former hedge fund manager Hugh Hendry is bullish on bitcoin believing that the market cap of the flagship cryptocurrency could triple to 1.5 trillion on the back of worsening global macroeconomic conditions, according to a report by CryptoGlobe. ![]()
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