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The Harmony layer-1 blockchain project team has offered a bounty equal to just 1% of the $100 million in crypto stolen from the Horizon Bridge hack last week.\u00a0<\/p>\n
Harmony tweeted<\/a> on June 26 that the team had committed $1 million for the return of the funds that were stolen from the Horizon Bridge on June 23. It added, \u201cHarmony will advocate for no criminal charges when funds are returned.\u201d<\/p>\n We commit to a $1M bounty for the return of Horizon bridge funds and sharing exploit information. <\/p>\n Contact us at whitehat@harmony.one or ETH address 0xd6ddd996b2d5b7db22306654fd548ba2a58693ac. <\/p>\n Harmony will advocate for no criminal charges when funds are returned.<\/p>\n \u2014 Harmony (@harmonyprotocol) June 26, 2022<\/a><\/p><\/blockquote>\n However, concerns have been raised that the modest bounty sum may not be enough to incentivize the attacker to return the funds.<\/p>\n The Horizon Bridge is a token bridge between the Harmony blockchain and the Ethereum network, Binance Chain, and Bitcoin. The Bitcoin bridge was not affected in this exploit.<\/p>\n Compared to other high-profile exploits this year, Harmony\u2019s bounty offer ranks low. The $10 million offered to the Rari Fuse attacker in May was 12.5% of the total stolen. The Beanstalk Finance team offered\u00a0$7.6 million which was 10% of the total exploited from the protocol in April. <\/p>\n Harmony\u2019s bounty offer is so low that the crypto trader known on Twitter as Degen Spartan called it an \u201cinsulting amount.\u201d He added, \u201cimagine losing 100m and thinking you’re in a position to lowball for a 1% bounty lmwo these people are just doing performance art to mitigate legal liability.\u201d<\/p>\n 1M?<\/p>\n insulting amount, gfy https:\/\/t.co\/TgZ0gDOC43<\/p>\n \u2014 \ucc0c G \u8dfb \u3058 Goblin of the (@DegenSpartan) June 26, 2022<\/a><\/p><\/blockquote>\n In an incident response update on the Horizon bridge hack on June 25, Harmony founder Stephen Tse tweeted<\/a> that the hack was not the result of a smart contract code breach, instead, the team found evidence that private keys were compromised which led to the breach of the bridge. <\/p>\n 1\/ An incident response update on the Horizon bridge hack <\/p>\n Confidentiality is key to maintain integrity as part of this ongoing investigation. The omission of specific details is to protect sensitive data in the interest of our community.<\/p>\n\n
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