U.S. crypto firm Harmony hit by $100 million heist

U.S. Crypto firm Harmony announced on Friday that thieves had stolen approximately $100 million worth cryptocurrency from its main products.

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The latest in a series of cyber-heists in a area that hackers have long targeted.

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Harmony creates blockchains for decentralized finance , also known as peer-to-peer sites.

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That provide loans and other services that do not require traditional gatekeepers, such as banks, and tokens that are not fungible.

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The company based in California said the heist targeted it with its Horizon "bridge", a tool that allows the transfer of crypto across different blockchains.

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The software that powers digital tokens like bitcoin and ether.

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They later exchanged for ether via the so-called decentralized exchanges.

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On March 1, hackers vandalized $600 million in cryptocurrency out of Ronin Bridge, used to move cryptocurrency in and out of Axie Infinity.

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