Funds From $100M Horizon Bridge Exploit Sent to Tornado Cash Mixing Service
A desire to work with the hacker still remains though the investigation into the theft continues until the matter is resolved, Harmony said
Blockworks exclusive art by axel rangel
key takeaways
- Thieves appear to be trying to launder funds with move of $35 million stolen from the cross-chain bridge
- Stewards of the bridge, Harmony, offered a $1 million bounty in exchange for returning the stolen funds but has so far received no response
Around a third of the $100 million stolen last week from Horizon Bridge — a cross-chain interoperability platform between Ethereum, Binance Smart Chain (BSC) and Harmony blockchain networks — has been transferred to an address belonging to crypto mixing service Tornado Cash.
Blockchain security company Peckshield did not immediately respond to attempts by Blockworks to confirm details of the transfer. Last week’s hack saw more than $98 million in various tokens siphoned off the Horizon Bridge platform and subsequently swapped to ether.
Steward of the bridge, Harmony, said in an updated blog post Sunday it was aware the hacker had begun moving funds through Tornado Cash and is reviewing various options for users and partners.
“Transparency is important in blockchain and we aim to be transparent with our community but we ask the community to remain patient during this investigation and confidentiality at this time,” Harmony said in its post.
Mixers or tumblers, such as Tornado Cash, are services providing users the ability to conceal the transaction history of certain cryptocurrencies by pooling and mixing them together with other users’ funds.
The team at Harmony offered a $1 million bounty for the return of the funds on Friday and advocated for no criminal charges to be filed, though the call remains unanswered.
“The desire to work with the hacker remains but we will continue the full investigation until resolution or the funds are returned,” Harmony said Monday.
In the post, which has been updated regularly since the hack took place last week, Harmony said its incident response team found no evidence of any breaches in its smart contract codes nor to the Horizon platform.
Get the news in your inbox. Explore Blockworks newsletters:
- Blockworks Daily: Unpacking crypto and the markets.
- Empire: Crypto news and analysis to start your day.
- Forward Guidance: The intersection of crypto, macro and policy.
- 0xResearch: Alpha directly in your inbox.
- Lightspeed: All things Solana.
- The Drop: Apps, games, memes and more.
- Supply Shock: Bitcoin, bitcoin, bitcoin.
