Harbor Protocol Exploited
The Harbor community has been alerted to an exploitation incident that has transpired over the last few hours, resulting in a drain of funds from certain critical vaults, including stable-mint and stOSMO, LUNA, and WMATIC. The Harbor protocol team is actively responding to the situation, working diligently to quantify the extent of the losses incurred and launching a comprehensive investigation to identify the responsible party or parties.
2/ As we write this, the team is working hard to estimate the total losses incurred as well as investigate the exploiter(s) and trace the funds.
— Harbor Protocol (@Harbor_Protocol) August 19, 2023
Preliminary Findings
As the team grapples with the aftermath of the exploit, preliminary information indicates that the exploit was executed through a specific address linked to all the actions undertaken during the incident. A comprehensive incident report detailing the intricacies of the exploit will be released once a full understanding of the event has been achieved. The Harbor community is encouraged to lend their support in tracing the funds involved, reinforcing the collaborative spirit that underpins the crypto space.
To address the situation constructively, Harbor extends an open invitation to the exploiters to engage in a dialogue to find a solution that minimizes disruption for users and community members while optimizing the overall outcome. The gravity of the incident is recognized, and the Harbor team is fully dedicated to locating the exploiters and mitigating the financial impact as much as possible. The team emphasizes the arduous journey that brought Harbor to its present stature and commits to leveraging their unwavering dedication to navigate this challenge.
Restoring Trust
The Harbor team acknowledges the resilience of their community and appeals for patience and support as they navigate through this trying period. Drawing from their past experiences, the team is focused on deploying all available resources to resolve the situation and ensure affected users are made whole. The entire Harbor team is on high alert, pooling their expertise and energy into a collective effort to address the breach.
Read More: Checkout.com Ends Binance Partnership
In the face of adversity, the Harbor community remains steadfast, rallying behind their team to emerge stronger from this setback. With transparency, collaboration, and a resolute commitment to finding solutions, the Harbor protocol aims to restore trust and uphold the values that have carried them through previous challenges.
