Hackers recently have been targeting cross-chain bridges. The ONE tokens unique validation mechanisms are one. Horizon users can move assets between Harmony's network and Ethereum, Binance Chain, and Bitcoin. Harmony blockchain functions as a proof of stake (PoS) method for its governance token, Harmony ONE crypto. Its Horizon bridge is a cross-chain bridge, meaning it allows users to send assets from one blockchain to another. Harmony is a layer-1 proof-of-stake blockchain. Its native ONE token has dipped, and as of this writing was trading for $0.02445-8.5% lower than before the hack was discovered on Friday. helloharmony.one Important Notice The LayerZero-Harmony Bridge Interface (Interface) is an interface that facilitates use of a third-party cross-chain communication system (Bridge) that is designed to enable users to send messages between certain blockchains to enable the exchange of crypto assets between such blockchains. Harmony also halted all Horizon bridge activity following the hack. stephen tse 💙 s.one 🌉 stse.eth June 25, 2022

Our investigation team is working 24x7 to assist with identifying the culprits responsible, and the methods they used. 1/ On Thursday June 23rd, the Horizon bridge was exploited by one or more individuals, draining the bridge of approximately $100MM worth of Ethereum tokens.

Harmony one