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Detail Analysis

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Date:

Status:

Count:

Contributor:

July 11, 2021

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Verified

2

zerofriction.io

Loss Amount:

8,000,000

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Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

None

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Website:

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Binance Smart Chain, Ethereum

Protocol

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

Data Sources:

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The cross-chain bridge Chainswap announced the details of the stolen incident on its official blog. A total of 20 project assets were stolen, with a total value of approximately US$4 million. At present, the ChainSwap team has reached a consensus with the affected projects and initially formulated and implemented a compensation plan. According to the project investigation, due to the error in the token cross-chain quota code, the on-chain swap bridge quota is automatically increased by the signature node, the purpose of which is to be more decentralized without manual control. However, due to a logical flaw in the code, this led to a vulnerability that automatically increases the number of invalid addresses that are not whitelisted.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.