Hackers have stolen $100 million worth in cryptocurrency from Horizon, in the latest digital currency industry’s massive heist.
While Horizon said on a Twitter on Wednesday night that they identified the theft, Harmony, the developer behind the so called blockchain bridge, also reported that an individual account it being investigated as the possible culprit.
“We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds,” the company said in another tweet.
Harmony noted that it is working “around the clock as we continue our investigation alongside the FBI and multiple cyber security firms.”
Blockchain bridges are used to transfer assets from one blockchain to another and have been a target for hackers due to vulnerabilities in their underlying code.
According to reports, this year alone hackers have stolen over $1 billion from blockchain bridges.
In February, hackers stole more than $300 million from the Wormhole bridge, and only few weeks later Ronin Bridge reported it lost about $620 million. Wormhole, another popular “bridge”, lost over $320 million in a separate hack a month earlier.
The lates theft comes after the Justice Department announced they were cracking down on global cybercrime.