Horizon Bridge ($100 Million)
On June 23rd, the crypto bridge Horizon announced that it had been the target of cybercriminals. Bridges are the platforms that facilitate the transfer of crypto assets between different blockchains. They’re a critical part of web3 infrastructure, but they also have a nasty habit of getting hacked. In Horizon’s case, hackers appear to have exploited a vulnerability in the platform to steal approximately $100 million in crypto. It turns out that the culprits behind this incident—a North Korean hacker gang known as “Lazarus”—are the same ones who pulled off a similar attack on Axie Infinity, the ETH-fueled NFT game, when they cleared a whopping $625 million earlier this year.
