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Attacker Drains 200K XRP From Bridge Using Fake Deposit


Attacker Drains 200K XRP From Bridge Using Fake Deposit

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On August 9 a cross-chain bridge linking the XRP Ledger and Coreum (rebranded as tx) lost nearly 200,000 XRP after an attacker exploited the deposit-checking logic by treating a wallet-to-wallet transfer as a fake deposit. The bridge has been halted and operator and independent researchers traced the failure to Coreum-side software, highlighting a bridge security vulnerability and operational risk for cross-chain DeFi and token transfers.

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On August 9, a bridge connecting the XRP Ledger and Coreum (now rebranded as tx) lost close to 200,000 XRP after an attacker tricked its deposit-checking system into treating a wallet-to-wallet transfer as a real deposit.

The bridge has since halted, and both the operator and outside researchers have traced the failure to Coreum-side software rather than anything on the XRP Ledger itself.

Read the article at CryptoPotato

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In This News

Coins

$ 1.89K

+0.99%

$ 1.02

+1.68%

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View analytics →
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