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Detail Analysis

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Date:

Status:

Count:

Contributor:

July 2, 2021

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Verified

2

zerofriction.io

Loss Amount:

800,000

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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:

Protocol

Contract Vulnerabilities

Extended Method:

Contract vulnerabilities

Data Sources:

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The cross-chain asset bridge Chainswap announced the details of the hacking incident today, saying that at 04:30 AM UTC on July 2nd, they noticed an abnormality on the cross-chain bridge. Some users reported that their tokens were actively removed from wallets interacting with ChainSwap. After it was taken out, the ChainSwap team immediately froze the cross-chain bridge, shut down all nodes, and deployed the fix within 30 minutes. The team of the affected project received an alert. According to the announcement, the stolen assets include 32237576.17 TSHP, 80052.82027 CORRA, 643405.7157 BLANK, 2922720 RAI, 19392.27712 ROOM, 4820309.98 DEXT, 210,108.22 UMB, 55476328.8 FAIR. Chainswap stated that after negotiating with hackers, it has recovered some of the CORRA and RAI tokens, and the total loss is estimated to be 800,000 US dollars. At present, a small amount of affected tokens have been repurchased from the market and returned to the contract wallet. The rest will be fully paid by Chainswap Vault Compensation. In addition, Chainswap will also issue compensation to affected users.

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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.