What happened: A US crypto firm Harmony in a statement, claimed that a heist by a hacker made them lose a hundred million US dollars worth of digital coins from one of its key products. Harmony is a US company that develops blockchains for the decentralized finance, and offers loans without the traditional gatekeepers such as banks and the NFTs. 

Details: It is pertinent to mention that cyber heists lately have increased as the firms have been asked to beef up their securities. The California-based company further noted, “Heist hit its Horizon bridge, a tool for transferring crypto between different blockchains, the underlying software used by the digital tokens such as bitcoin and ether.” At the same time, it is pertinent to mention that since the start of 2022, a total of one billion dollars worth of digital coins have been stolen from the Crypto sector worldwide. 


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