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Harmony declares a $1 million bounty for Horizon bridge stolen funds restoration

Harmony declares a $1 million bounty for Horizon bridge stolen funds restoration thumbnail
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Harmony community on June 24 revealed a hacker had exploited its horizon bridge and made away with $100 million.
The publish Harmony declares a $1 million bounty for Horizon bridge stolen funds restoration appeared first on Cryptonomie…

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Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as possible” regarding the collapse of the Terra (LUNA) and TerraUSD (UST) ecosystems in May. On Sunday, a video purportedly coming from the Anonymous hacker group rehashed a laundry listing of Kwon’s alleged wrongdoings, together with cashing out $80 million every month from Luna and TerraUSD previous to its collapse in addition to his position within the fall of steady coin Basis Cash, for which Do Kwon allegedly co-created beneath the pseudonym “Rick Sanchez” in late 2020. “Do Kwon, if you are listening, sadly, there is nothing that can be done to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible.”The hacker group mentioned it will be trying into Do Kwon’s actions since he entered the crypto house to show his alleged crimes. “Anonymous is looking into Do Kwon’s entire history since he entered the crypto space to see what we can learn and bring to light,” the group said. “There is no doubt that there are many more crimes to be discovered in your trail of destruction.”The hacker group additionally criticized Kwon for his “arrogant tactics” in trolling rivals and critics and “acting like he would never fail.” Originating in 2003 on 4chan, Anonymous is a decentralized worldwide activist collective identified for orchestrating cyber assaults in opposition to authorities establishments, companies, non-public companies, and even the Church of Scientology. In June 2021, the identical YouTube channel took intention at Tesla CEO Elon Musk for allegedly “destroying lives” utilizing his clout and affect on Twitter to play with the crypto markets. The video has round 3.4 million views as of as we speak. It is price noting that there are a number of YouTube channels that both declare to be affiliated with the hacker group Anonymous. However, there’s a common consensus that there isn’t any official YouTube channel for the group, given its inherent decentralized and nameless nature. Mixed reactions from the groupCommenters of the YouTube video and the group on Twitter seemed to be broadly supportive of the hacker group’s pledge to go after Kwon, with one commenter calling Anonymous the “Robinhood of today.” However, the video message garnered extra skepticism on the r/CryptoCurrency subreddit, with customers criticizing the hacker group for issuing an empty risk in opposition to Kwon and offering no new info to the general public, with one commenter saying: “Anonymous is so teen bop now […] This anon video is so non-threatening it’s almost bizarre.”While one other mentioned, “would expect them to have uncovered something but its nothing more than, well nothing.”It seems that, for now, Kwon will seemingly have larger, extra tangible threats to fret about.Terraform Labs, for which Do Kwon is the co-founder, is at the moment beneath a number of investigations from the South Korean authorities, together with the alleged embezzlement of Bitcoin (BTC) from the corporate’s treasury. Related: South Korean prosecutors ban Terraform Labs staff from exiting the nation: ReportIn May, a well-known monetary crimes investigation unit dubbed the “Grim Reapers of Yeouido” was revived by South Korea to research the collapse of Terra. The group consists of assorted regulators and can concentrate on prosecuting fraud and unlawful buying and selling schemes.Later that month, Korean authorities subpoenaed all Terraform Labs staff to research any inner position in market manipulation.The firm has additionally been fined $78 million by South Korea’s nationwide tax company for tax evasion expenses.

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