Lossless Protocol Prevented the Theft of 78 Million $AGG Token in Horizon Attack

The DeFi Hacker Identification and Incentive Protocol Lossless Protocol successfully prevented the theft of 78 million $AGG token during Harmony's Horizon Bridge hack. At the time of the hack, the corresponding malicious transaction was reported as a hack on the Lossless Protocol, effectively freezing 78 million $AGG for 24 hours. The decision-making body investigated the hack within those 24 hours and successfully recovered the stolen $78 million $AGG tokens at 15:17 UTC on June 24. Previously, Horizon, the cross-chain bridge between Ethereum and Harmony, was attacked on June 24, with a loss of about $100 million.