Security News > 2022 > June > Harmony blockchain loses nearly $100M due to hacked private keys

Harmony blockchain loses nearly $100M due to hacked private keys
2022-06-27 18:14

We wish to provide the suspect an opportunity to communicate with the Harmony Foundation and return all funds.

The Harmony team is interested in communicating and negotiating.

Earlier today, despite Harmony offering a $1,000,000 "Bounty" and saying it will "Advocate for no criminal charges".

Harmony will advocate for no criminal charges when funds are returned.

Apparently, Harmony has now decided to require four of the five trusted parties to co-sign, though you could argue that with two of the five having already demonstrated their unreliability, that's equivalent to restoring the status quo of requiring "Two trusted parties".

What Harmony hasn't revealed is whether there was a common reason for the compromise of the two private keys that led to the unauthorised transfers.


News URL

https://nakedsecurity.sophos.com/2022/06/27/harmony-blockchain-loses-nearly-100m-due-to-hacked-private-keys/