Scams, theft and hacking do not stop in the crypto world regardless of market performance.

In the past hours, the “Harmony Horizon” bridge suffered a $100 million hack, according to For an official announcement The project team released it earlier today, Friday.

The Harmony team contacted authorities and blockchain tracking experts to investigate the theft.

The perpetrator’s address, which was linked in the ad as being behind the scam, currently holds approximately $99 of Ethereum only, meaning he made the transfers.

After the hack was announced, the price of the cryptocurrency Harmony (ONE) has fallen by nearly 13% since the news broke, according to CoinMarketCap data.

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Vulnerabilities in blockchain bridges have been a hot topic in the cryptocurrency industry for a long time.

In January, Vitalik Buterin of Ethereum saw that they have basic security limits in a post on Reddit.

Blockchain bridges often become victims of hacks due to their complex technology.

Earlier, we covered the news of the hack of the Ronin Network, the latter powering the game Axie Infinity, from a $ 650 million hack in late March, which is believed to be one of the largest hacks ever in the world of decentralized finance.

It later emerged that North Korean hackers orchestrated the theft.

In February, Wormhole Bridge was hijacked by bad actors, stealing more than $300 million in cryptocurrency.

According to data provided by Norway-based Dune Analytics, there are $11.7 billion in total value locked into various Ethereum bridges.

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