On May 1, the NEAR Protocol Rainbow Bridge was attacked. According to Aurora Labs CEO Alex Shevchenko, no assets were stolen, and the attacker even lost some money.
Additional measures will be in use, according to Shevchenko, to ensure that the cost of an assault rises.
He also revealed the attacker’s address, who began with some ETH supplied using Tornado Cash. The attack started on May 1, when the attacker used a contract to deposit monies in order to become a Rainbow Bridge relayer. The plan was to send out fictitious light client blocks.
After a while, one of the bridge watchdogs realized the submitted block wasn’t on the NEAR Protocol blockchain and issued a challenge transaction to Ethereum. In his tweet, Shevchenko explains:
In his extensive Twitter thread, Shevchenko goes into much more technical detail about the incident. However, he emphasizes that programs would be on security measures.
Rainbow Bridge is a cross-chain bridge that allows users to send and receive funds between the Ethereum, NEAR, and Aurora networks. Aurora Labs created it, and it is well-known for its user experience.
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