Harmony Protocol offers the hacker $ 1 million to return $ 100 million worth of stolen assets.
The Horizon Bridge to the Harmony Layer-1 chain had an attack that caused the theft of more than $ 100 million worth of assets. Horizon played the role of a bridge between Ethereum, Binance Chain and Bitcoin.
The network announced to the public on Twitter that it had begun investigating the incident with the help of national authorities.
Is the $ 1 million offer by Harmony Protocol too low for $ 100 million?
The Harmony Protocol team has announced a $ 1 million reward for repaying the $ 100 million worth of cryptocurrency stolen during the Horizon Bridge attack. The reward is also for the hacker to share information about how the attack happened. The team also added that no criminal charges will be filed against the hackers if the funds are returned.
But crypto Twitter seems to think that a $ 1 million reward for a $ 100 million hack is too low.
“Did Harmony Protocol make a single competent decision? $ 1 million is a joke and why would the hacker run the risk of communicating via email.”
A Twitter user’s comment
“Isn’t it funny to actually reward the hackers with $ 1 million dollars for repaying the fund when they can get away with $ 100 million? Even if they accept the offer, will the same hackers and again different systems exist? Problem not solved. “
A Twitter user’s comment
In another tweet, the founder and CEO of Harmony wrote that the team did not find a potential clever contact exploitation that caused the attack. He also added that further evidence had been found showing that private keys had been compromised.
He also said that Harmony used a password phrase and key management system to encrypt and store private keys. But the attacker managed to obtain some of these private keys, decrypt them and use them to sign illegal transactions.