Today news
About the same in other media
Polygon pays $2M bounty on bug which could have compromised $850M in user funds
Reading now: 329
White hat hacker Gerhard Wagner has earned $2 million after reporting a solution to a potentially costly “double-spend” bug on the Polygon network.
In an Oct. 21 blog post from Immunefi, a security service that helps facilitate bug reports in decentralized finance projects, Polygon network’s Plasma Bridge was at risk of having $850 million removed by a knowledgeable hacker. According to the project, the vulnerability would have allowed attackers to exit their burn transaction from the bridge up to 223 times, quickly turning an amount like $4,500 into $1 million profi.
Immunefi reported the double-spend exploit worked by first depositing Ether (ETH) through the Plasma Bridge and starting the withdrawal process after the transaction was
Read more on cointelegraph.comAbout this in other media
Platform rides wave into a DeFi revolution with user rewards for playing and learning cointelegraph.com /2 years ago
AscendEX Announces a USD 50mm Series B Raise Led by Polychain Capital and Hack VC cryptonews.com /2 years ago
The solution to crypto regulation may consist of a ‘grand compromise’ ambcrypto.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
