Harmony Protocol has announced a $1 million bounty for the safe return of funds taken from Horizon Bridge. Additionally, Harmony has pledged not to pursue criminal charges against anyone returning the funds or sharing information about the exploit. This announcement was made via Harmony Protocol's official Twitter account, eliciting a mixed response from followers.

Some welcomed the bounty offer, emphasizing the importance of understanding how the network was breached and appreciating the assurance against criminal charges. However, others viewed the announcement with skepticism, believing that those responsible for the attack should face consequences to deter future incidents.

Harmony Protocol was alerted to the attack on June 23, 2022, and promptly reported it to relevant authorities, including the FBI, exchange partners, and cybersecurity experts. Efforts are underway to identify the perpetrator and recover the stolen funds.

The incident underscores the need for increased investment in decentralized bridges as the transition to Web3, centered on decentralization, gains momentum. Multiple transactions were conducted on the network, resulting in the extraction of $100 million.

Harmony Protocol operates as an open and fast blockchain, supporting Ethereum applications with 2-second finality and significantly lower fees. It enables token transfers across various chains, including Binance and Ethereum, and bridges different types of chains, regardless of their consensus mechanism, prioritizing scalability, security, and decentralization.

The platform aims to enhance interoperability and revolutionize the future of Web3, with short-term goals including reducing finality to 1-second and implementing zkSync rollups and decentralized operations by the end of 2022.

Harmony also plans to leverage Zero-Knowledge Proofs and decentralize governance through thousands of DAOs in the long term. The investigation into the Horizon Bridge hack is ongoing, with the community eagerly awaiting updates on the bounty and the overall situation.