London: US cryptocurrency company Harmony said on Friday that a thief stole about $ 100 million worth of digital coins from one of its key products. This is the latest in a series of cyber robbers in the sector that hackers have long targeted.

Harmony is developing so-called decentralized finance (peer-to-peer sites that provide loans and other services without traditional gatekeepers such as banks) and non-fungible token blockchains.

Based in California, the robbers hit the Horizon “Bridge,” a tool for transferring cryptocurrencies between different blockchains, the underlying software used in digital tokens such as Bitcoin and Ether. Said that.

Theft has long plagued companies in the crypto sector, and blockchain bridges are increasingly being targeted. By 2022, more than $ 1 billion had been stolen from the bridge so far, according to London-based blockchain analytics firm Elliptic.

Harmony tweeted, “We will work with state authorities and forensic experts to identify the perpetrators and recover the stolen funds,” but did not provide details.

We did not immediately respond to requests for comments sent via email or social media.

According to Elliptic, which tracks publicly visible blockchain data, hackers stole various cryptocurrencies from harmonies, such as ether, tether, and USD coins, and later exchanged them for ether using so-called decentralized exchanges.

In March, hackers stole about $ 615 million worth of cryptocurrencies from Ronin Bridge and put them in and out of the game Axie Infinity. The United States has linked North Korean hackers to unprecedented theft.

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