On August 19, the cross-chain stablecoin project Harbor Protocol was subjected to a hacker attack, affecting the stOSMO, LUNA and WMATIC vaults.
The developers did not disclose the amount stolen. However, according to DeFi Llama, the volume of assets locked in the protocol since August 15 has fallen from $370,000 to $64,000.
“The team is diligently working to assess the overall losses, as well as to investigate the attackers’ actions and track the funds,” the project’s representatives said.
Analysts have not yet identified the type of attack. A detailed incident report will be published after the details are clarified.
The project has managed to identify only one address linked to the attacker — comdex1sma0ntw7fq3fpux8suxkm9h8y642fuqt0ujwt5.
Harbor Protocol is a decentralized application built in the Cosmos ecosystem on the CosmWasm smart contracts platform. The platform has its own cross-chain stablecoin CMST and native token HORBOR.
Users can farm rewards by locking up funds in the protocol, and also generate liquidity for projects via the “stablecoin”.
In August, an unknown attacked the decentralized exchange Cypher on Solana and withdrew about $1 million in cryptocurrencies.
Later, the yield aggregator Zunami Protocol was hacked, resulting in losses of $2.1 million in digital assets.
In the same month, the lending protocol Exactly Protocol lost more than $12 million due to a smart contract vulnerability.