The Harbor Protocol decentralized internetworking application team has announced that the project has been hit by a hacker attack, affecting stOSMO, LUNA and WMATIC storage.
Representatives of the project refused to disclose the details of the incident and to report the exact amount of losses:
“The team is working diligently to estimate the total losses incurred, as well as investigating the attackers and tracing the funds.”
Harbor’s experts were able to find just one address associated with the likely perpetrator – comdex1sma0ntw7fq3fpux8suxkm9h8y642fuqt0ujwt5.
According to blockchain columnist DefiLlama, the TVL of the Harbor project collapsed from about $370,000 to $63,600.
Thus, compared to the peak value of almost $1.5 million, the total blocked value fell by more than 230 times.
Over the day, amid negative developments, the value of HARBOR tokens dropped by 3.7% to $0.0009269. On a weekly timeframe, HARBOR’s overall decline in value was about 10%.
The Harbor Protocol project operates in the Cosmos ecosystem based on CosmWasm smart contracts. The platform has its own crosschain stablecoin CMST and native coin HARBOR.
According to South Korea’s intelligence agency (NIS), North Korean hackers stole more than $180 million in cryptocurrency in the first half of 2023.