$LSS protocol's investigation and voting process has ended 🏁 Decision-Making Body has confirmed the #hack and voted YES to initiate the return of stolen funds back to @aag_ventures 💸 Retrieval of the 78M $AAG tokens will now commence 🔥
Sort of. The horizon bridge held a lot of different things that were bridged to harmony. Eth, WBTC, usdc, usdt, dai and apparently some AAG were locked in there. The hacker removed all of that from the ETH side and my understanding is it was then swapped to ETH. Last I saw it's still in the wallet and hasn't been moved.
Unfortunately this article is misleading: [One correction. The message is supposed to be "78m of 84m $AAG tokens".](https://twitter.com/aag_ventures/status/1540227054683262978) 78 million AAG tokens have a total value of $1,151,280. It's a drop in the bucket.
tldr; Harmony Protocol’s Horizon Bridge was hacked for about $100 million. Metaverse software company, AAG Ventures, lost $84 million in the hack. AAG was able to freeze $78 million of the funds. The hack may be in the servers that were running the two wallets responsible for verifying any transaction. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
TLDR: AAG had partnered with Lossless DeFi and was using their mitigation tool to protect its funds. As a result, Looseless was able to freeze about $78 mln of the $84 mln that was lost by AAG in the hack. In a stroke of luck, Lossless had launched their protocol on Harmony only a day ago and were able to intervene in the event of the hack.
Yeah. That's true so I guess that part could be cleared up a bit....I remember when I had mine you could basically use a toggle to switch between risk exposure? And that brought you into different tiers? So high risk would be speculative longs and option plays, maybe crytpo, and low risk would be like AAG stocks and bonds maybe just as an idea.