Mix-chain bridges have more and more become targeted by malicious entities. However, not every online hackers can try to escape with millions within their exploit attempts. Some finish up taking a loss using their own wallets.
Inside a Twitter thread, Alex Shevchenko, the Chief executive officer of Aurora Labs, told the storyline of the hacker who tried to exploit the Rainbow Bridge but wound up losing 5 Ether (ETH), worth around $8,000 during the time of writing.
Based on Shevchenko, the hacker has presented a falsified NEAR block towards the Rainbow Bridge contract and posted the needed 5 ETH safe deposit. Believing that they could be slow to react throughout the weekend, the attacker timed the exploit attempt on the Saturday.
Regardless of the hacker’s plan, the Chief executive officer highlighted there were automated watchdogs in position that fought against from the malicious transaction. Within 31 seconds, the attempt was covered up, resulting in the hacker losing their safety deposit.
Due to the growing exploit attempts, the Chief executive officer noted their team is thinking about growing the quantity needed for safe deposits. However, the concept was dumped to help keep they really wants to stay dedicated to decentralization as you possibly can.
Shevchenko also created a message towards the attacker. The Chief executive officer advised the hacker to test doing great for the city by focusing on bug bounties rather of stealing users’ money and getting trouble attempting to launder the stolen assets.
Related: Hacker tastes own medicine as community will get back stolen NFTs
On June 7, Aurora Labs compensated an insect bounty of $six million for an ethical security hacker who stated a vital vulnerability towards the Aurora team. The bug was quickly patched, and user funds were guaranteed. When the whitehat hacker made the decision to take advantage of the network, over $200 million might have been lost.
Meanwhile, the entities that performed the Ronin bridge hack have transferred the stolen funds into Bitcoin (BTC). Using privacy tools Blender and ChipMixer, the online hackers continue to be trying to start the stolen funds hoping outmaneuvering the government bodies.
