Nearly $ 1.5 MN in ethereum still missing from multichain crypto hack
- ByStartupStory | January 22, 2022
A susceptible cross- chain router protocol saw $ 3 million drained from the network by hackers. But there’s still 527 ethereum at large.
A white- hat hacker has returned 322 Ethereum( around $ 900,000) after an emprise drained multichain users of more than $ 3 million worth of crypto this week.
Multichain is a cross- chain router protocol that bridges users between thirty different block chains, including bitcoin, ethereum, and Terra.
This week’s critical susceptibility shows that assumed six tokens on the protocol: Wrapped ETH (WETH), peri finance token ( PERI), official Mars token ( OMG), Wrapped BNB( WBNB), Polygon( MATIC), and Avalanche ( AVAX) On Monday, Multichain announced on Twitter that the problem had been “ reported and fixed.”
In the land of crypto, captions susceptibility aren’t just abused criminals for self- interested motives, they also draw the attention of block chain vigilantes called “ white hat” hackers, who exploit vulnerabilities to report them and collect a bounty.
One of the attackers that attacked Multichain after Monday’s announcement was a white hat.
The hacker returned 322 ETH ( around $ 900,000) to an affected user and kept 62 ETH($ 173 k) as a bounty for themselves)
The hacker also returned 52 ETH ($ 139,000) to multichain and kept around 12 ETH as a bounty.
Around 527 ETH, or just under $1.5 million is missing still.
On Thursday, Multichain CEO and co- founder Zha jun appears to Twitter and confirmed Zen Go wallet co- founder Tal be’ery’s theory that the vulnerability was due to the fact That Multichain’s bridge contracts need a pause function to prevent loss of funds in the future.
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