This person then quickly contacted Arbitrum’s team, thereby fixing the above vulnerability and receiving a bug bounty on ImmuneFi.
Accordingly, this vulnerability could allow hackers to steal the entire amount of ETH loaded into the bridge between Ethereum Layer-1 and Layer-2 (here is the Arbitrum Nitro version).
This white hat hacker said that the initialize() function that helps users sign transactions and sends encryption requests to Sequencers (validation units) has encountered a few vulnerabilities. The first 2 storage spaces (positions 0 and 1) of this function are empty, which means that the hacker can impersonate the user and then send the authentication message to the Sequencer.
This initialization-related vulnerability previously appeared in Nomad’s smart contract. This vulnerability was quickly identified by the Arbitrum team and a 400 ETH reward was sent to the aforementioned white hat hacker.
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
Harold
CoinCu News
London, UK, 4th November 2024, Chainwire
November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…
OpenSea new version is scheduled to launch in December, with an improved user experience, improved…
Analysts at Bernstein predict Bitcoin price in 2025 could reach $200,000, driven by factors like…
The latest report by Bitfinex Alpha: "The Calm Before the Storm," provides insights on the…
The crypto community is in a heated debate over Binance listing fees and the exchange’s…
This website uses cookies.