Crypto Sleuth Uncovers Security Breach in Across Protocol’s Documentation
Crypto sleuth ZachXBT recently raised concerns about a potential security breach related to Across Protocol’s documentation. The warning revealed a link within the protocol’s documentation that led users to a fake Discord server, suggesting that the protocol’s vanity invite address might have been compromised. This incident resulted in an $880,000 loss of crypto tied to an unknown blockchain entity.
Blockchain Forensic Firm Discloses Loss in aEthWBTC
A blockchain forensic firm called Scam Sniffer disclosed that a victim suffered an $880,000 loss in aEthWBTC after interacting with a malicious ERC-20 permit message. While the post doesn’t explicitly mention Across Protocol, ZachXBT believes the incident is due to a flaw in the protocol’s documentation.
Please be aware that there is a Discord server link that impersonates an official Across Protocol server.
Our only official Discord link is (Server ID: 887426921892315137)
We are working on taking down the unofficial server. Please be safe, Rangers!
— Across (@AcrossProtocol) December 26, 2023
Across Protocol Acknowledges Fraudulent Discord Server
In response to the incident, the Across Protocol team confirmed the existence of a fraudulent Discord server impersonating their official one. Although they did not disclose the extent of losses, they assured the community that they are working to dismantle the unofficial server.
About Across Protocol
Across Protocol is a cross-chain bridge designed for layer-2 solutions and rollups. The platform utilizes UMA’s optimistic oracle for security and focuses on capital efficiency through a unified liquidity pool, a network of relayers, and a fee model with no slippage. The protocol has raised $10 million from investors, including Blockchain Capital.
Hot Take: Security Breach Raises Concerns for Across Protocol Users
The recent security breach in Across Protocol’s documentation has raised concerns among users. With an $880,000 loss of crypto tied to an unknown entity, it highlights the importance of vigilance when interacting with protocols and verifying official communication channels. While the Across Protocol team is taking steps to address the fraudulent Discord server, it serves as a reminder for users to exercise caution and stay informed about potential risks in the crypto space.
Noah Rypton stands as an enigmatic fusion of crypto analyst, relentless researcher, and editorial virtuoso, illuminating the uncharted corridors of cryptocurrency. His odyssey through the crypto realms reveals intricate tapestries of digital assets, resonating harmoniously with seekers of all stripes. Noah’s ability to unfurl the labyrinthine nuances of crypto intricacies is elegantly interwoven with his editorial finesse, transmuting complexity into an engaging symphony of comprehension.