Lossless saved 78M of $AAG tokens when Harmony Protocol’s Horizon Bridge was hacked. The newest of the hacks in the crypto space — Harmony’s Horizon Bridge hack — resulted in a loss of $100 million when a hacker exploited a vulnerability.
The stolen currencies are Frax (FRAX), Wrapped Ether (wETH), Aave (AAVE), SushiSwap (SUSHI), Frax Share (FXS), AAG (AAG), Binance USD (BUSD), Dai (DAI), Tether (USDT), Wrapped BTC (wBTC) and USD Coin (USDC). As it was already announced, one of the harmed tokens belongs to our partners — AAG Ventures. A total of 84,620,000 $AAG tokens were stolen through the Horizon Bridge. On June 23rd, starting at about 11:08 AM UTC until 11:26 AM UTC , transactions were made from the bridge for various tokens, one of them being for the $AAG cryptocurrency. Hacking Incident Details The hacker was able to cash out around 6M of the stolen $AAG. Then he leaves his wallet with the remaining 78M. On June 24th, at 5:35 AM UTC, the malicious transaction was reported as a hack on the Lossless protocol platform and the 78M $AAG tokens were effectively frozen for a period of 24 hours. You can see the report details here. Decision-Making Body In the period of 24 hours the Decision-Making Body, comp...