Investigations are ongoing, and the platform has disabled the cBridge to protect users from losing their crypto assets.
cBridge Suffers DNS Exploit
A suspected DNS exploit has forced blockchain interoperability platform, Celer Network, to temporarily shut down activity on its multi-chain bridge, cBridge.
Initial investigations by Celer Network show that some suspicious DNS activity on the cBridge began around 19:00pm UTC on August 17. The platform believes that the exploit is designed to lure users into interacting with some compromised smart contracts and drain users’ crypto assets in the process.
While the platform continues its investigations, it has shut down the cBridge frontend user interface as an interim measure to protect users.
In addition, Celer has alerted users to revoke any token approvals they gave to the following smart contracts:
Ethereum: 0x2A2aA50450811Ae589847D670cB913dF763318E8
BSC: 0x5895da888Cbf3656D8f51E5Df9FD26E8E131e7CF
Polygon: 0x9c8b72f0d43ba23b96b878f1c1f75edc2beec9f9
Avalanche: 0x9c8B72f0D43BA23B96B878F1c1F75EdC2Beec9F9
Arbitrum: 0x9c8B72f0D43BA23B96B878F1c1F75EdC2Beec9F9
Astar: 0x9c8B72f0D43BA23B96B878F1c1F75EdC2Beec9F9
Aurora: 0x9c8b72f0d43ba23b96b878f1c1f75edc2beec9f9
To revoke approvals, users need to visit the token approval page of each network’s blockchain explorer. Users on BNB Chain can use the BSC News guide, and the process is similar on other networks.
The use of cross-chain bridges like cBridge is quite popular perhaps because of its convenience. However, there have been concerns about their possible security vulnerabilities; Ethereum’s founder, Vitalik Buterin, famously called them out in a tweet earlier this year:
Celer Network is currently investigating the full extent of the DNS exploit. BSC News will bring you the news as more details emerge.
What is Celer Network:
Celer Network is the leading inter-blockchain and cross-layer communication platform in the industry. The protocol offers fast, secure, and cheap bridging between multiple chains. The Celer ecosystem comprises three unique products: inter-chain Message Framework, cBridge, and Layer2.Finance.
Where to find Celer Network:
Source : bsc.news
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