ICYMI: @crosscurvefi announced that roughly $3 million in funds were drained due to a contract exploit yesterday.
The funds are frozen and an official notice to return the funds has been issued with a 72-hour deadline. https://t.co/DWOj9CU3No
ICYMI: @crosscurvefi announced that roughly $3 million in funds were drained due to a contract exploit yesterday.
The funds are frozen and an official notice to return the funds has been issued with a 72-hour deadline. https://t.co/DWOj9CU3No
CrossCurve bridge exploited for $3 million due to smart contract vulnerability.
Attack allowed spoofed messages, bypassing validation across multiple networks, Defimon Alerts reported.
Protocol invoked SafeHarbor policy, warning escalation if funds aren’t returned within 72 hours.
Exploit details: how many of which tokens were taken
As we continue the investigation into the exploit of our bridge, below is a detailed breakdown of the assets stolen.
Let’s start with $EYWA. Even though it was launched on Ethereum, our native token’s entire supply was moved to Arbitrum during the TGE. Even though the hacker extracted 999,787,453.03 $EYWA to the Ethereum network, there are zero DEX pools for our token on Ethereum, the only CEX accepting Ethrereum-network $EYWA froze deposits, and we froze the exploited bridge.
In short, the hacker has no way to move these tokens off Ethereum or swap them for other tokens. This means that there are now extra $EYWA tokens on the Ethereum network that in no way affect the supply on the Arbitrum network.
Users’ Arbitrum tokens are safe and can be swapped on DEXs and CEXs as before.
The hacker did manage to extract other tokens from the bridge as follows:
Symbol — Volume:
3CRV — 2 578,22
USDT — 815 361,00
WETH — 123,59
CRV — 239 889,64
2CRV — 2 421,9
Did you know @crosscurvefi is about to drop some big tech upgrades in the next months?
The team has been building quietly and the roadmap looks stacked with the new Consensus Bridge and the new Router v4 that will bring easy non EVM support and work like an aggregator of many aggregators. They also have core integrations coming with LayerZero, Axelar, Rubic and top DeFi infra partners
CrossCurve has support from Curve since day one and the founder Michael Egorov is a co lead investor. This shows how deep the roots are
I feel $EYWA is still very early and the product they are building can help both builders and users in a simple way 🫡