- Binance CEO Changpeng Zhao has announced that he has recovered $2.6 million worth of Bitcoin from the latest Harmony One hacker move.
- CZ revealed that the security teams of exchanges like Huobi are sharing information about exploits and hacks and collaborating in crypto recovery.
- Harmony Protocol’s Horizon Bridge was exploited for $100 million worth of cryptocurrency in June 2022.
Binance CEO Changpeng Zhao told his 8.1 million followers on Twitter that the exchange has teamed up with Huobi to thwart the Harmony One hacker’s recent move. Exchange Security His team worked together to recover his $2.6 million worth of his BTC from his $100 million hack that occurred in June 2022.
Binance CEO Changpeng Zhao reveals how he stopped hackers from exfiltrating 124 Bitcoins.
Binance CEO Changpeng Zhao has notified his Twitter followers that 124 bitcoins worth approximately $2.6 million have been recovered from the $100 million Harmony Protocol hack. The cryptocurrency exchange platform’s security team worked with Huobi to identify when the stolen funds were transferred to the platform.
We have detected activity in the Harmony One hacker fund. They had previously attempted to launder money through Binance and we have frozen his account. This time I used Fobi. I helped the Huobi team freeze his account. A total of 124 BTC were recovered. CeFi to help sustain DeFi #line!
— CZ Binance (@cz_binance) January 16, 2023
Two exchanges unmasked Harmony One abusers, exfiltrating 124 BTC from the hands of hackers. The hack occurred in his June 2022, and since then the Harmony Protocol team has been working with the Federal Bureau of Investigation (FBI) and authorities to recover the stolen funds.
The protocol offered a 1% bounty for recovering $100 million worth of stolen cryptocurrency.
This is a developing story. Check out this space for more information.
