ChainBleedv0.1 · open intel
← back to feed·OPTOKEN-SUPPLY2022-10-19 · 3y ago
Incident · SLOWMIST

BitBTC

Contract Vulnerability
Estimated loss
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
TOKEN SUPPLY
TOKEN-SUPPLYBYTECODE CATCHABLEAI SCANNABLE
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

As reported by Cointelegraph, the BitBTC team has now fixed the bug after Twitter user @PlasmaPower0 disclosed a “fake minting” bug that existed in the cross-chain bridge between BitBTC and Optimism. It is reported that the vulnerability allows an attacker to fake tokens on one side of the bridge and exchange them for real tokens on the other side. Attackers have tried to extract 200 billion BitBTC tokens from Optimism through this vulnerability, but it is only a test. Attack method (per SlowMist): Contract Vulnerability. Reported loss: -.

Primary source
https://cointelegraph.com/news/twitter-user-saves-cross-chain-bridge-from-potential-exploit
Sourced from
slowmist
Technical record
chain
optimism
protocol
BitBTC
bug_class
token-supply
date_occurred
2022-10-19
loss_usd
source_id
sm:bitbtc::2022-10-19
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