Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge developed by crypto start-up Harmony.
Like other facets of DeFi, which aims to rebuild traditional financial services like loans and investments on the blockchain, bridges have become a prime target for hackers due to vulnerabilities in their underlying code.
"In order for individuals to use bridges to move their funds, assets are locked on one blockchain and unlocked, or minted, on another," Symington said. "As a result, these services hold large volumes of cryptoassets."
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