Harbor Protocol, a cross-chain stablecoin protocol built on top of the Cosmos ecosystem, has been hacked by an anonymous hacker who stole funds from several vaults.
The attack, which occurred in the past few hours, affected stable-mint and stOSMO, LUNA and WMATIC vaults.
According to the statement made by the Harbor Protocol team, the attacker used comdex1sma0ntw7fq3fpux8suxkm9h8y642fuqt0ujwt5 to perform all actions. The team is currently working to investigate the attack and trace the funds, as well as calculate the total losses incurred.
Harbor Protocol Team Ready to Negotiate with the Attacker
The statement also urged the attacker to reach out as they are open to discussions to find a solution that is most appropriate and will not affect users and members of the cryptocurrency community. The team expressed their determination to resolve this issue and compensate affected users.
1/ Dear Harbor Community,
It has come to our notice that Harbor protocol has been exploited over the past few hours, resulting in a drain on a portion of the funds sitting in the stable-mint and stOSMO, LUNA and WMATIC vaults.
— Harbor Protocol (@Harbor_Protocol) August 19, 2023
Harbor Protocol is a protocol that allows users to mint stablecoins pegged to various fiat currencies such as USD, EUR, GBP, JPY and CNY using collateral from different blockchains such as Cosmos, Terra, Polygon and Ethereum.
*Not investment advice.
