Harbor Stablecoin Project and BNB's Cross-Chain Bridge Hit by Security Breaches

Harbor Stablecoin Project and BNB's Cross-Chain Bridge Hit by Security Breaches



The Harbor stablecoin initiative on the Cosmos network confirmed on Saturday, Aug. 19, that it suffered a security breach leading to exploitation. The project, which focuses on interchain stablecoin operations, made a public statement on social media platform X, acknowledging that it had been the target of a protocol-based attack. Certain pools, including Luna, have disappeared as a result.



An unidentified hacker was able to gain unauthorized access to the Harbor Protocol, a cross-chain stablecoin operating on the Cosmos network, and made off with funds stored in the vaults.



Who was behind the Harbor attack?The Harbor Protocol Team indicated that the attacker used the digital address comdex1sma0ntw7fq3fpux8suxkm9h8y642fuqt0ujwt5. They are in the process of assessing the financial impact and tracking the stolen funds.



The team


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#Adoption, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Harbor, #News

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