ChainSwap Protocols Were Hacked Twice

A hacker hacked the ChainSwap cross-chain protocol aimed at synchronizing smart contracts of incompatible blockchains. This is the second case in the last month.

This time, the attacker hacked into the ChainSwap protocol aimed at synchronizing smart contracts of incompatible blockchains. The platform developers have not yet commented on the incident. But in order to track down the attacker, the ChainSwap team froze one of its ecosystem protocols on the Binance Smart Chain (BSC) network.

The developer of the NFT platform Wilder World found out that a hacker, through a vulnerability, gaining control over the contracts of the ChainSwap ecosystem on the BSC network, generated 20 million WILD tokens to his address. Which he later sold on the PancakeSwap decentralized exchange, which brought down the BNB liquidity from the WILD / BNB pool.

And two hours before that, the hacker gained access to another 2 million WILD tokens, but already on the Ethereum network. The developers of ChainSwap, rushing to reassure customers, claim that users’ wallets have remained intact.

According to Decrypt, Antimatter, Optionroom, Umbrellabank and other projects that used the services of the cross-chain protocol also became victims of the ChainSwap vulnerability. The developers of some projects have already promised to pay compensation to the affected partie

Post a Comment