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DEFI Hacks Explained: Harmony Hack Bridge Exploited For $100M 💰 2 года назад


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DEFI Hacks Explained: Harmony Hack Bridge Exploited For $100M 💰

Hey guys! Today we're staring a new serie which is called "Defi Hacks Explained". The DEFI and crypto world needs better education and better security. I am on a mission to make DEFI better and more secure and that's why I decided to create the new "Defi Hacks Explained" Youtube serie. Every time we will pick an interesting DEFI Hack case study and we will learn everything about it. We will analyze it form edge to edge including how the attack happend, how money was stolen, and how we could prevent it. The first episode in the serie is about the Harmony Bridge Hack. $100M were stolen because of signatures theft and not on-chain smart contract exploits. We can see here traditional spear-phishing hacking in the "new" DEFI space. And the results are catastrophic. In the video we will learn: What are bridges How bridges work How Harmony bridge works How Harmony bridge was hacked How the money was stolen How the attackers "laundered" the money through Tornado Cash Assumption of the attackers identity How this whole story affect DEFI in the macro level It's gonna be super interesting and I'm excited - let's go! ___________________________________________________________ Useful Links: Reky.news Article About Harmony Hack: https://rekt.news/harmony-rekt/ Harmony ETH Bridge Exploited Contract: https://etherscan.io/address/0xf9fb1c... Harmony Bridge MultiSig Wallet: https://etherscan.io/address/0x715CdD... Harmony Signature 1 That Was Compromised: https://etherscan.io/address/0xf845A7... Harmony Signature 2 That Was Compromised: https://etherscan.io/address/0x812d86... Mudit Gupata Twitter Summary:   / 1540225237912010753   Patreon:   / johnnytime   Discord: https://johnnytime.xyz/discord BUSD Tip Jar: 0xFf3d275BB50bB677Ea1f117730B68Cf42651a60f ___________________________________________________________ Timestamps: 00:00 Intro 01:10 Harmony Hack - $100M Stolen 01:30 Presentation Subject 02:20 Crypto Bridge Explained 03:20 How Blockchain Bridges Work 05:20 Harmony Blockchain Bridge 06:40 Harmony Bridge Architecture 08:00 Stolen Signatures 08:30 Harmony Bridge Smart Contract 09:20 Harmony Bridge MultiSig Wallet 11:30 Stealing Funds From The Bridge 12:20 Diving Into The Transactions 14:15 Harmony Team Offers A Bounty 15:55 Mixing Funds Using Tornado Cash 16:50 Open Questions 18:30 Bullish Or Bearish For DEFI? 20:00 Outro And Summary ___________________________________________________________ ___________________________________________________________ ⚠️⚠️⚠️ #DEFI #Hacks #Harmony #Bridge #Hack #Explained #Exploited #blockchain #ethereum #NFT #Coin #tokens ⚠️⚠️⚠️ The content in any of Johnny's Youtube videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am just sharing my knowledge and my findings. ___________________________________________________________ ___________________________________________________________ Social Media: Twitter:   / realjohnnytime   Instagram:   / johnnytime.eth   ___________________________________________________________ ___________________________________________________________ Music By Yoad Ronen:   / yoad-ronen   ___________________________________________________________ Until next time, Johnny Time

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