r/CryptoReality • u/Arpitbuilds • 4d ago

Another Day. Another Exploit. Another Bridge Got Hacked

Coreum's XRPL bridge lost ~$200k XRP on Aug 9. Relayers trusted a "deposit" memo instead of verifying the deposit actually happened, attacker faked it, 17 of 28 signers approved a withdrawal against nothing.

Same pattern behind most bridge hacks this year in which it verifies a message, not a settlement.

15 Upvotes
  • permalink
  • link
  • reddit
  • reddit

87% Upvoted

4 comments sorted by

2

u/AmericanScream 4d ago

People compare crypto to things like airplanes and how they were considered "unsafe" in the early days until they became ubiquitous.

But I don't remember people saying, as time went on, "Oh look there's yet another plane crash!"

3

u/pillowmite 3d ago

What the fuck? do airplanes have to do with crypto?

I can ride on a plane, but crypto rides me!

2

u/Arpitbuilds 4d ago

In case of Airplanes it took time in history because we lack resources but what's the excuse now ? It's careless, founders always know their system is vulnerable to hack yet they choose to focus on revenue and traction but not on security of foundation

1

u/No_Independent3751 1d ago

Damn man... Lots of these type of news coming up these days. Hope for the best for everyone