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The Ongoing Attack on the Harmony Bridge: Insights from Beosin EagleEye

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According to the report, according to the Beosin EagleEye security risk monitoring, warning and blocking platform monitoring of Beosin, a blockchain security a…

The Ongoing Attack on the Harmony Bridge: Insights from Beosin EagleEye

According to the report, according to the Beosin EagleEye security risk monitoring, warning and blocking platform monitoring of Beosin, a blockchain security audit company, on February 13, 2023, the Harmony Bridge attacker was continuing to transfer stolen assets. Today, more than 2600 ETHs were transferred, with a value of about US $3.9 million.

Harmony Bridge attacker transferred about $3.9 million

Interpretation of the news:


Beosin EagleEye, a prominent security monitoring and risk assessment platform for blockchain security, has sounded another alarm on the ongoing attack on the Harmony Bridge. According to its latest report on February 13, 2023, the attackers were still actively transferring stolen assets from the Harmony Bridge network. The report revealed that over 2,600 ETHs with an estimated value of about US $3.9 million were transferred on that day alone.

The Harmony Bridge is a blockchain network that facilitates the transfer of assets between different blockchains via smart contract technology. Although it has been designed to offer a secure and reliable solution for interoperability, it has recently become a target for cybercriminals. The attackers were able to exploit a vulnerability in the bridge’s smart contract, allowing them to steal assets from the network.

As part of its efforts to combat the attack, Beosin has been actively monitoring the Harmony Bridge network. Its EagleEye platform relies on advanced algorithms and machine learning techniques to detect and prevent potential security threats. The platform has been able to identify the suspicious activity and alert the network administrators in real-time. Its timely alerts have enabled the network administrators to take necessary measures to mitigate the damage caused by the attackers.

Beosin has also emphasized the importance of conducting regular security audits for blockchain networks. With the growing adoption of blockchain technology across various industries, the security risks associated with it have also increased. A comprehensive security audit can help identify potential vulnerabilities and prevent major security breaches. Beosin provides blockchain security audit services to its clients to help them ensure the security and reliability of their blockchain networks.

In conclusion, the ongoing attack on the Harmony Bridge highlights the need for robust security measures for blockchain networks. The Beosin EagleEye platform has provided valuable insights into the attack, and its real-time monitoring and alert system has helped minimize the damage caused by the attackers. It is imperative that organizations adopt a proactive approach to blockchain security and conduct regular security audits to mitigate potential risks.

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