Near Protocol’s Rainbow Bridge experienced another hack attempt over the weekend.
Like the first attempt back in May, the project successfully blocked this attack “automatically within 31 seconds,” the CEO of Aurora Labs Alex Shevchenko announced on Twitter yesterday.
The Rainbow Bridge connects Near Protocol, Ethereum, and Aurora—an EVM-compatible scalability solution on Near—allowing users to move funds between the networks via smart contracts.
Since smart contracts are automated and trustless, anyone can interact with them, including bad actors.
In the case of the recent Near attack, the attackers proposed a fabricated block on Near requiring a 5 Ethereum deposit early Saturday morning. The attacker may have been hoping that the early-morning attack would’ve been difficult to react to, said Schevchenko.
“Automated watchdogs were challenging the malicious transaction, which resulted in an attacker losing his safe deposit,” he wrote as part of the Twitter thread.
This caused the hackers to lose their 5 Ethereum deposit, or around $8,000 at the time, in 31 seconds. Users lost no money in the attempted hack.
“Dear attacker, it’s great to see the activity from your end, but if you…
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