Here’s how Near Protocol avoided two hacks in a matter of months
Digital exploits have become a common theme in the crypto industry. At the same time, it has become increasingly rare for protocols to deceive hackers. In a matter of months, Aurora Labs has been able to deflect two potential cross-bridge attacks.
Furthermore, both of these attacks were carried out on the Rainbow Bridge. The first one costed around $5,000 on 5 May.
The latest attempt which was carried out on 22 August, costed five ETH or approximately $8,000.
Source: Near Daily
The CEO of Aurora Labs, Alex Shevchenko, briefed on the potential hack on the Rainbow Bridge in a Twitter thread.
Shevchenko explained that the Rainbow Bridge has deployed extensive counter-measures in the case of growing security concerns among cross-bridges.
According to his thread, the Bridge has independent watchdogs which are also watching the Near Protocol. The attack was rebuffed within a matter of just 31 seconds which proved to be enough to ward off the attacker.
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