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$100 million worth of crypto has been stolen in another major hack
CNBC ^ | 24 June 2022 | Ryan Browne

Posted on 06/25/2022 8:46:19 AM PDT by DUMBGRUNT

Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge developed by crypto start-up Harmony.

It follows a series of similar attacks on blockchain bridges, including the $600 million Ronin Network heist and the $320 million stolen from Wormhole.

In a follow-up tweet, Harmony said it’s working with the Federal Bureau of Investigation and multiple cybersecurity firms to investigate the attack.

(Excerpt) Read more at cnbc.com ...


TOPICS: Chit/Chat; Computers/Internet
KEYWORDS: crypto; horizon
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The FBI is on the case! Just as soon they finish texting their side chicks.

GOOD NEWS! After team biden crushes crypto, it is not worth so much, thank you jamoke joe. Lower losses! And with inflation and transaction costs does not buy so much.

1 posted on 06/25/2022 8:46:19 AM PDT by DUMBGRUNT
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To: DUMBGRUNT

But, but, but, it’s all encrypted!


2 posted on 06/25/2022 8:47:22 AM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: DUMBGRUNT

Chinese...and/or North Koreans.


3 posted on 06/25/2022 8:48:19 AM PDT by Gay State Conservative (Covid Is All About Mail In Ballots)
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To: ConservativeMind

Chumps. Unless one got in early and out >60K.

In that case, quite the investment.


4 posted on 06/25/2022 8:49:01 AM PDT by EEGator
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To: DUMBGRUNT

I’m announcing my retirement.


5 posted on 06/25/2022 8:50:04 AM PDT by Pollard (If there's a question mark in the headline, the answer should always be No.)
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To: DUMBGRUNT

Sigh.... I guess I’m lost on blockchain currency. I thought one of the main points of the entire concept was that it wss/is unhackable BECAUSE of blockchain tech.


6 posted on 06/25/2022 8:54:09 AM PDT by LittleBillyInfidel (This tagline has been formatted to fit the screen. Some content has been edited.)
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To: DUMBGRUNT

probably will be worth only $50 million by the time it’s recovered ...


7 posted on 06/25/2022 8:54:19 AM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: DUMBGRUNT

Intended to crush crypto companies so the deep state can establish their corrupt digital currency which will track your every move


8 posted on 06/25/2022 8:54:52 AM PDT by Chauncey Gardiner
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To: LittleBillyInfidel

that was my understanding also, that there were multiple records of transactions across various systems. Which should theoretically leave a trail of evidence if anyone tried to steal crypto currency.


9 posted on 06/25/2022 9:02:09 AM PDT by Dilbert San Diego
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To: DUMBGRUNT

“Cryptocurrency is great! There’s no government regulation.”

Also,

“My cryptocurrency has been stolen! Why doesn’t the government do something!”


10 posted on 06/25/2022 9:02:25 AM PDT by throwthebumsout
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To: EEGator
I got out as soon as I saw an article here on FreeRepublic about how the US government was going to start taxing sales of cryptocurrency. And US banks were considering getting into the cryptocurrency business.

I "allegedly" made about 3K profit.

😉👌


11 posted on 06/25/2022 9:11:16 AM PDT by airborne (Thank you Rush for helping me find FreeRepublic! )
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To: Dilbert San Diego
that was my understanding also, that there were multiple records of transactions across various systems. Which should theoretically leave a trail of evidence if anyone tried to steal crypto currency.

BOOM! Well articulated! That's what I was loosely thinking.

12 posted on 06/25/2022 9:13:14 AM PDT by LittleBillyInfidel (This tagline has been formatted to fit the screen. Some content has been edited.)
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To: Pollard

🤣😀


13 posted on 06/25/2022 9:14:19 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: DUMBGRUNT

And the “security” team says “oops”.


14 posted on 06/25/2022 9:14:58 AM PDT by glorgau
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To: DUMBGRUNT

I’m not worried because all my cryptocurrency is protected by the clever password, “password”. Just try to hack that one, scammers!

Oh, wait. Maybe I shouldn’t have posted that. No matter. I’ll just add a 1 at the end of the word.


15 posted on 06/25/2022 9:15:02 AM PDT by Leaning Right (The steal is real.)
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To: airborne

3,000 more than zero.

I don’t know if the story is real or not, but there’s a story about a Wall St. investor.
He stated when the shoe shine boy was talking about stocks, he knew it was time to get out.
Same principle applies here.

Craziest shit ever...NFTs.
If you haven’t heard of them, look it up.
When someone told me about them, I was positive they were trying to mock me...nope.


16 posted on 06/25/2022 9:15:14 AM PDT by EEGator
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To: Leaning Right

That is a good one
Personally, I use 123456.


17 posted on 06/25/2022 9:15:50 AM PDT by EEGator
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To: Dilbert San Diego

Astute comment. Isn’t there supposed to be an immutable ledger to maintain transaction details?


18 posted on 06/25/2022 9:16:04 AM PDT by Starboard
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To: Chauncey Gardiner

(digital currency which will track your every move)

Yep. Which is why I mention:

Will that be right hand?

Or forehead?

It won’t happen tomorrow. But it WILL happen.

Need that 7-year deal of Peace and Security to be confirmed by Satan’s anti-messiah first.

When? Dunno. But this age certainly seems to be drawing to a close IMHO.


19 posted on 06/25/2022 9:18:51 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: EEGator

He stated when the shoe shine boy was talking about stocks, he knew it was time to get out.

************

I believe that was attributable to John D. Rockefeller.


20 posted on 06/25/2022 9:19:25 AM PDT by Starboard
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