Crypto protocol CrossCurve under attack $3M reportedly exploited

Crypto protocol CrossCurve said its cross-chain bridge has been attacked, with reports that $3 million has stolen across multiple networks.

CrossCurve told X late Sunday that its bridge was “under attack” it exploited a vulnerability in one of the smart contracts used to make such connections. Paraphrasingr ’It is.

“Please pause all interactions with CrossCurve while the investigation is ongoing,” it added.

The blockchain security-focused X account Defimon Alerts said CrossCurve was exploited for around $3 million “on several networks.”

It added that one of CrossCurve’s smart contracts allowed anyone to spoof a message to bypass validation and unlock tokens.

The spoofed cross-chain message could be used to call expressExecute on ReceiverAxelar contract, bypassing gateway validation and trigger unlock on PortalV2 by anyone who calls it “against the use of a. code called ExpressEximon Alerts” said in Defimonious AlertS’ statement.

Source: Defimon Alerts

X users who were given to CrossCurve pools said ‘It’s very likely that I would like to review my positions and consider withdrawing those votes,’ Curve Finance, which has been working with CrossCourver, wrote on. Paraphrasingr ’It is.

“We continue to encourage all participants to remain vigilant and make risk-aware decisions when interacting with third-party projects,” it added.

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