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- Rainbow of Close to Protocol (Close to) Hacked Without Losing User Money
- Alex Shevchenko has an uncommon provide for the attacker
Last Saturday, an unidentified male attempted to hack Rainbow, a bridge mechanism for the transfer of worth among the Near Protocol (Close to) and Ethereum (ETH). This is why he/she could regret it appropriate now.
Rainbow of Close to Protocol (Close to) Hacked Without Losing User Money
In his latest Twitter thread, Mr. Shevchenko shared information of a failed assault on the Ethereum/Nearby bridge that took area final Saturday early in the morning.
🧵 about the Rainbow Bridge assault more than the weekend
TL DR: very same as May assault no consumer money are misplaced the assault is mitigated immediately inside 31 seconds the attacker loses five ETH. pic.twitter.com/clnE2l8Vgz– Alex Shevchenko (@AlexAuroraDev) August 22, 2022
To corrupt network consensus, the attacker deposited a fabricated Close to Protocol (Close to) block into the Rainbow primary contract. However, his/her transaction was immediately challenged by NEAR’s independent watchdogs. When the assault fails, the male character loses one hundred% of his stake, or five Ethers.
The response will take four Ethereum (ETH) blocks, or about 31 seconds with no human interaction. The staff was notified of the assault right away, but they just had to verify if the program was operating as meant, Shevchenko explained, incorporating:
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After notifying about odd routines, inside one hour the staff checked that every little thing was fine and would go back to rest mode with no disturbing themselves or the consumer.
The CEO of Aurora Labs also emphasized that safety is the quantity a single priority for his staff: they launched the 2nd biggest bug bounty campaign in the complete background of cryptocurrency.
Alex Shevchenko has an uncommon provide for the attacker
Following the release of the assault evaluation summary, the CEO of Aurora Labs invited the hacker to join a new wave of Rainbow bug bounties, held in conjunction with the ImmutableX platform.
According to its disorders, each and every whitehat hacker who finds bugs in Aurora Labs items can apply for a bounty bonus of up to $one,000,000.
The Rainbow Bridge is a single of the most critical aspects of the Close to Protocol architecture.