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Cosmos network stablecoin project Harbor confirmed Saturday, Aug. 19, that its security has been breached, resulting in exploitation. The interchain stablecoin protocol announced on social media platform X that it fell victim to a protocol attack . Some pools, including Luna, went missing . Funds from the vaults were stolen by an anonymous hacker who obtained access to the Harbor Protocol, a cross-chain stablecoin built on top of the Cosmos platform. 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 You might also like: 0x Protocol Aims to Supersede Centralized Exchanges as ICO Funds are Utilized for Development Who attacked Harbor? According to the Harbor Protocol Team, the exploiter used the address comdex1sma0ntw7fq3fpux8suxkm9h8y64...

Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says. Blockchain technology needs a benchmark communications standard that can be easily integrated by every network in order for a complete transition from Web2 to Web3 to occur, industry commentators say. Many expect there will be multiple blockchains and such an ecosystem requires communication protocols similar to the Transmission Control Protocol/Internet Protocol (TCP/IP) used on the internet. Ryan Lovell, director of capital markets at crypto price oracle solutions firm Chainlink Labs told Cointelegraph that blockchains without interoperability are like what computers are without the Internet — isolated machines which cannot transfer data and value across networks. “To realize a fully interoperable blockchain ecosystem at scale, there needs to be an open communication standard analogous to the TCP/IP, which currently se...