1
Interoperability platforms Socket and Bungee suffer exploits targeting user wallets.
2
Attackers drained nearly $3.3 million before operations were temporarily halted.
3
The incident highlights vulnerabilities of complex cross-chain bridging protocols.
Cryptocurrency interoperability platforms Socket and Bungee were forced to temporarily halt activities due to an exploit that drained $3.3 million from user wallets. The security incident illuminated the risks associated with cross-chain bridges, which remain prime targets for attackers.
Wallets Exploited Through Infinite Approval Glitch
On Tuesday evening, anonymous security researcher @speekaway flagged abnormal activity related to the Bungee protocol, Socket’s bridging platform.
Analysis revealed that bad actors targeted Bungee user wallets with infinite token approvals granted to Socket contracts. Approvals allow external applications to access user wallet tokens for transactions. B
We współpracy z: https://www.thecoinrepublic.com/2024/01/17/socket-and-bungee-resume-operations-following-3-3m-exploit/
