Welcome to another instance of Blood bath report. This month we saw many bridges burning and some questionable design decisions that led to hacks.
How much? ~$800K
Why? Loophole in the contract. Details unknown.
How much? ~$4M
Why? Cross-chain bridge receive issue
How much? ~$7.9M
Why? Cryptography bug.
How much? ~$1.1M
Why? Integer overflow
How much? ~$940K (based on tornado and typhoon transfers out of hacker wallet)
How much? ~$1.3M
Why? Vault minting flawed logic
How much? ~$5.9M
Why? Reward calculation bug
How much? ~$2.4M
Why? Reward calculation
How much? ~$515k
Why? Price calculation error
How much? ~$8M
Why? Bridge router bug
How much? ~$250k
Why? Deflationary token support
This month, we saw around $38M stolen from various protocols. The new issue that has risen were different bridges connecting various EVM based protocols, like BSC<>Polygon<>Ethereum.
We will see new types of hacks and new attacks on bridges as side chains will become more prominent. I have only one thing to say.
Thanks for reading, and if you like my writing, you can subscribe to my blog to receive the daily newsletter as I'm currently in the middle of 100 days of blogging challenge. Subscription box below 👇
If the newsletter is not your thing, check out my Twitter @adrianhetman, where I post and share exciting news from the Blockchain world and security.
See you tomorrow!