Late on August 17, the Celer Network Layer 2 Scalability Platform (CELR) received reports that reflect potential DNS hijacking of cbridge frontend.
Currently Celer is under investigation, the platform has issued a warning to users these contracts are related to a potential UI hack to redirect users to interact with the above addresses and consume the token balance.
According to initial investigation, hackers can start around Aug-17-2022 07:00:00 PM +UTC. Celer Network urges users not to use cBridge for cross-chain assets for the time being. cBridge’s user interface is offline and the situation involved is currently under investigation.
The Celer cBridge is a decentralized and non-custodial asset bridge, which allows users to transfer a variety of tokens across different blockchains in a fast, secure and low-cost fashion. It currently supports 100+ tokens across 30+ blockchains and layer-2 rollups. Built on top of the Celer Inter-chain Message Framework, cBridge has processed over $6B cross-chain asset transfer volume on 30+ blockchains for more than 140K unique users, and is quickly growing and expanding into more blockchains and layer-2s.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
CoinCu News
Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…
Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…
The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…
The Bitcoin quantum computing threat is years away, but reserves already support post-quantum signatures via…
Don't miss BTFD Coin's Stage-7 presale dip! Find out why it's leading the pack of…
A WSJ survey reveals crypto hedge funds banking issues over three years, with 120 out…
This website uses cookies.