Cosmos

<p class="is-style-lead">Cosmos network stablecoin project Harbor confirmed Saturday, Aug. 19, that its security has been breached, resulting in exploitation.</p> 
<p>The interchain stablecoin protocol announced on social media platform X that it fell victim to a protocol attack. Some pools, including Luna, went missing.</p> 
<p>Funds from the vaults were stolen by an anonymous hacker who obtained access to the Harbor Protocol, a cross-chain stablecoin built on top of the Cosmos platform. </p> 
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   <p lang="en" dir="ltr">1/ Dear Harbor Community,<br><br>It has come to our notice that Harbor protocol has been exploited over the past few hours, resulting in a drain on a portion of the funds sitting in the stable-mint and stOSMO, LUNA and WMATIC vaults.</p>— Harbor Protocol (@Harbor_Protocol) <a href="https://twitter.com/Harbor_Protocol/status/1692836252498723154?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 19, 2023</a> 
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<p> You might also like: <a href="https://crypto.news/0x-protocol-aims-supersede-centralized-exchanges-ico-funds-utilized-development/" rel="noopener noreferrer nofollow"> 0x Protocol Aims to Supersede Centralized Exchanges as ICO Funds are Utilized for Development </a> </p> 
<h2 class="wp-block-heading" id="who-attacked-harbor">Who attacked Harbor?</h2> 
<p>According to the Harbor Protocol Team, the exploiter used the address comdex1sma0ntw7fq3fpux8suxkm9h8y642fuqt0ujwt5. The team is currently calculating the losses incurred and attempting to find the money utilized in the attack.&nbsp;</p> 
<p>The protocol stated that the detailed event report would be issued after identifying details, although it has not yet identified the assault pattern.</p> 
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   <p lang="en" dir="ltr">7/ Although difficult, we request your patience and support as we fight through this, as we have on countless battles before. We're presently all hands on deck in our efforts of resolving this and making affected users whole.</p>— Harbor Protocol (@Harbor_Protocol) <a href="https://twitter.com/Harbor_Protocol/status/1692836916192780404?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 19, 2023</a> 
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<h2 class="wp-block-heading" id="bnbchain-s-cross-chain-bridge-vulnerability">BNBChain’s cross-chain bridge vulnerability</h2> 
<p>Separately, BNB’s cross-chain bridge (0x489a) was also <a href="https://blockchainreporter.net/another-cross-chain-exploit-on-bnbbridge-causes-losses-in-millions/" target="_blank" rel="noopener noreferrer nofollow">targeted</a> this week.</p> 
<p>Due to the large financial damages caused by the breach, both investors and security professionals are paying attention. Blockchain security company <a href="https://crypto.news/peckshield-sees-increase-in-bingchatgpt-scam-tokens/" rel="noopener noreferrer nofollow">Peckshield</a> published a sobering alert outlining the scope of the exploit’s harm.&nbsp;</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> <a href="https://twitter.com/hashtag/BNBBridge?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BNBBridge</a> Exploiter has been liquidated ~5.6M <a href="https://twitter.com/search?q=%24vBNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$vBNB</a> (worth ~$52.3M) <a href="https://t.co/pDzlhOK3mE" target="_blank" rel="noopener noreferrer nofollow">https://t.co/pDzlhOK3mE</a> <a href="https://t.co/IaGlXCvzy8" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/IaGlXCvzy8</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1692401690526556516?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 18, 2023</a> 
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<p>The exploiter responsible for the assault liquidated over 1.1 million BNB tokens worth about $10.2 million. </p> 
<p> Read more: <a href="https://crypto.news/binance-report-sheds-light-on-blockchain-industry/" rel="noopener noreferrer nofollow"> Binance report sheds light on blockchain industry </a> </p>

Harbor protocol falls victim to attack, funds go missing

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