Hackers steal $100 million from California cryptocurrency agency

By Sean Lyngaas | VFAB Small business

Hackers have stolen the equivalent of $100 million from a California-based cryptocurrency firm in the hottest major-income hack in the electronic forex marketplace.

The unidentified robbers strike a “bridge” — a application that lets for the transfer of cryptocurrency — the victimized business, Harmony, announced on Twitter Thursday evening.

1/ The Harmony staff has identified a theft developing this early morning on the Horizon bridge amounting to approx. $100MM. We have started performing with nationwide authorities and forensic specialists to determine the perpetrator and retrieve the stolen money.

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— Harmony 💙 (@harmonyprotocol) June 23, 2022

“Harmony is doing work all over the clock as we carry on our investigation alongside the FBI and various cyber safety companies,” said the firm, which specializes in blockchain technological know-how that underpins cryptocurrency transactions.

Harmony joins a extensive list of cryptocurrency corporations that have been plundered by hackers for several millions of dollars at a time. This year alone, hackers have stolen around $1 billion from cryptocurrency bridges, in accordance to Elliptic, a organization that tracks transactions on the blockchain.