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Detail Analysis

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Date:

Status:

Count:

Contributor:

November 23, 2021

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Unverified

1

zerofriction.io

Loss Amount:

-

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Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

None

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Website:

No data

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:

Celo

Protocol

Bridge

Contract Vulnerabilities

Extended Method:

unauthorized function activation

Data Sources:

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Optics Bridge was attacked and ownership of the multi-signature wallet was transferred. cLabs engineer Tim Moreton said that the multi-signature permission of Optics, a cross-chain communication protocol on Celo, was replaced because someone activated the Optics recovery mode (recovery mode) on the Ethereum GovernanceRouter contract, which caused the recovery account to take over the Optics protocol and overwrite it. Tim Moreton said that he believes that the funds on the current cross-chain bridge are not risky. Tim Moreton also said that the situation occurred within 15 minutes after cLabs expelled James Prestwich. The team is currently contacting James Prestwich to find a solution. The team is currently working to exit the recovery mode and restore the community's multi-signature governance. James Prestwich responded on Twitter that he had never had the right to activate the recovery mode and expressed regret for cLabs and Celo's damage to his reputation.

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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.