Harmony news

Jupiter (JUP) is poised for a potential rally as its DAO begins voting on a governance proposal that could alter voting thresholds; the token, already up 38% in the past three weeks and trading near $1.00, may test its $1.11 resistance, with a breakthrough expected to reinforce bullish momentum. MANTRA (OM) awaits its mainnet launch in October, a catalyst that could lift the price above $1.62, though failure to maintain hype may see OM dip below its $1.33 support toward $1.18. Harmony (ONE) has fallen 20% this week to $0.012 but could rebound after a hardfork on October 31 that upgrades HIP32, potentially pushing the price past $0.013 and toward $0.015, while a market downturn could push it back to $0.011.

BeInCrypto highlights five altcoins—Harmony, Render, Near Protocol, dogwifhat, and Stellar—potentially offering upside in May amid market shifts. ONE surpassed $1 million in volume, a wedge, and could rise 36 % to $0.034 if it breaks out; a fall below $0.015 would hurt. WIF, a meme coin PEPE, trades in an isosceles triangle and could rally to $4.8 (51 % gain) if support holds; loss of the bottom trend line could drop it to $2.0. NEAR rebounded to $7.2, sits near the 61.8 % Fibonacci level, and could break $8.8 to set a new 2024 high; falling to $6.0 would risk a correction. RNDR may rebound by bouncing off $8.0 support and breaking $10.0 resistance as AI interest rises; XLM trades in a wedge and a breakout could lift it to $0.142 and an all‑time high at $0.160, but loss of $0.10 support could push it below $0.09.

A software flaw in Harmony’s cross‑chain bridge has caused an accidental minting of nearly 150 million ONE tokens, worth about $2.2 million, which were sent to 79 user addresses. One of the recipients, Aaron Li, informed the Harmony team on December 7 2023 and later sold 16.4 million ONE for roughly $260 000, prompting a team engineer to accuse him of withholding disclosure. Harmony’s engineers say they will burn the incorrectly minted tokens to prevent supply dilution, though no remedy date has been set. The incident follows a 2022 hack that siphoned over $100 million from the bridge. ONE’s price is hovering near $0.016 and has seen modest gains in the last 24 hours.

Harmony Bridge moved 463.82 WETH—roughly $726,000—into a new wallet on February 3, receiving the tokens in five transactions that have since remained idle. Blockchain analyst ZachXBT traced the stolen funds through multiple addresses and posted the trail publicly. Earlier in January, the FBI confirmed that the North Korean Lazarus Group carried out the 2022 Horizon Protocol breach and is pursuing recovery. On January 31, on‑chain analysis showed the hacker attempted to launder the assets via exchanges and Railgun, but Binance and Huobi froze the transfers and Binance recovered 124 BTC worth $2.58 million. The incident highlights the ongoing risk of state‑backed thefts in the crypto ecosystem and the challenges of tracking and recovering illicit funds.

North Korean‑linked Lazarus group tried to launder $27.2 million of crypto stolen from the Harmony Bridge hack using Railgun’s zero‑knowledge proof protocol. The illicit assets were routed through six exchanges over the weekend, but Binance and Huobi swiftly froze portions of the funds after receiving notifications. The move follows the FBI’s 2022 claim that Lazarus, linked to the DPRK, exploited Harmony’s Horizon Protocol to siphon more than $100 million in a June attack. Since 2017, the group has stolen an estimated $1.2 billion in digital currency, including the $624 million Ronin Network heist, underscoring the growing risk of DeFi bridge exploits. These incidents highlight that bridge vulnerabilities—often due to code bugs or validator compromises—remain a critical threat to blockchain security, prompting calls for stronger safeguards.

North Korea‑linked Lazarus Group laundered 17,000 ETH, worth more than $27 million, from the Harmony Bridge hack over the weekend, a move reported by crypto analyst ZachXBT on January 29. The funds were routed to six exchanges, with 14 addresses later linked to Bitcoin withdrawals, and some of the assets were reportedly frozen, though the exact amount seized is unclear. This batch is the second major transfer of Harmony proceeds in January, following a $63.5 million move earlier in the month, bringing the total laundered that month to roughly $93.5 million. The FBI has confirmed Lazarus as the perpetrator of the Harmony attack, which exploited cross‑chain bridges that now account for half of all DeFi exploits. Analysts warn that the proceeds likely support North Korea’s military programs, underscoring the continuing threat that the group poses to the crypto ecosystem.

North Korean‑linked Lazarus Group and its APT38 unit continued laundering stolen crypto after the June Harmony Bridge hack. On January 28, on‑chain analysis showed the attackers moved 17 278 ETH—about $27 million—to six different exchanges, some of which froze portions of the assets after being notified. The laundering pattern mirrors a January 13 effort that moved over $60 million of the same loot through privacy protocols, indicating a repeated strategy. The FBI confirmed the group’s role in the $100 million theft from Harmony’s Horizon Bridge, which also saw 85 700 ETH routed through Tornado Cash before being split across many addresses. Analysts note that 350 addresses and a wide range of exchanges were employed to mask the trail, a tactic common to Lazarus’s high‑profile attacks.

North Korean hackers linked to the Lazarus Group and its sub‑unit APT38 stole roughly $100 million in Ethereum from the Harmony Bridge platform in June. On January 29, investigators reported that the culprits laundered about $27.18 million of the stolen ETH over the weekend. The stolen coins were moved to six different exchanges, where a number of the funds were subsequently frozen by the exchanges themselves. Earlier, on January 13, the same group had laundered more than $60 million of the assets, a transaction that aided the FBI in pinpointing the attackers. The Federal Bureau of Investigation, in cooperation with the exchanges, seized portions of the proceeds and has continued to track the remaining funds. The case underscores the ongoing difficulty of recovering cryptocurrency that has been laundered through multiple custodial platforms.

The FBI announced that North Korea’s Lazarus Group and APT38 were responsible for the $100 million theft from the Harmony Horizon cross‑chain bridge in June 2022, a move that highlighted the year‑long surge in DeFi bridge exploits. Cross‑chain bridge hacks accounted for roughly half of all DeFi breaches last year, with high‑profile cases such as Ronin Bridge and Binance Bridge each losing over $500 million. The Harmony hack involved the use of the Railgun privacy protocol to siphon more than $60 million worth of Ethereum, with the stolen funds funneled through 350+ addresses on multiple exchanges. Binance and Huobi collaborated to halt the movement of assets and recovered over 124 BTC. In addition to Harmony, the FBI linked Lazarus and APT38 to the $615 million Ronin Bridge heist. The agency’s statement also noted that North Korean state‑backed cybercriminals have amassed over $1 billion in crypto thefts in the past five years, funding missile and weapons programs.

FBI confirmed on Jan. 23 that the North Korean‑backed Lazarus Group carried out Harmony’s Horizon Protocol attack in June 2022. The hack stole roughly $100 million, and investigators say more than $60 million of the proceeds were moved via the privacy network Railgun to launder the funds. FBI froze a portion of the stolen crypto after exchanges cooperated, and recovered about $3 million through Binance and Huobi, while the remaining assets were sent to 11 other addresses. The agency is pursuing further recovery efforts to deny North Korea additional funding for missile and WMD programs. Lazarus Group has also targeted other blockchain projects such as the Ronin Network and several Japanese firms, highlighting its ongoing threat to the crypto ecosystem.