0x Protocol

Cosmos

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 <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 <a rel="noopener noreferrer nofollow" title="protocol" href="https://thebittimes.com/tag/protocol.html">protocol</a> announced on social media platform X that it fell <a rel="noopener noreferrer nofollow" title="victim" href="https://thebittimes.com/tag/victim.html">victim</a> to a <a rel="noopener noreferrer nofollow" title="protocol" href="https://thebittimes.com/tag/protocol.html">protocol</a> <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a>. Some pools, including Luna, went <a rel="noopener noreferrer nofollow" title="missing" href="https://thebittimes.com/tag/missing.html">missing</a>.</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) August 19, 2023 
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 <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 <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a>.&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) August 19, 2023 
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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 targeted 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 Peckshield published a sobering alert outlining the scope of the exploit’s harm.&nbsp;</p> 
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    <p lang="en" dir="ltr">#PeckShieldAlert #BNBBridge Exploiter has been liquidated ~5.6M $vBNB (worth ~$52.3M) https://t.co/pDzlhOK3mE pic.twitter.com/IaGlXCvzy8</p>— PeckShieldAlert (@PeckShieldAlert) August 18, 2023 
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 <p>The exploiter responsible for the assault liquidated over 1.1 million BNB tokens worth about $10.2 million. </p> 
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Harbor protocol falls victim to attack, funds go missing

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