The accident didn’t come, Thorchain was attacked by Whitehat and mined for $ 8 million
Thorchain was hit by another mining attack, this time around $ 8 million has evaporated, the project’s Twitter account confirmed an hour ago.
“THORChain suffered a sophisticated attack on the ETH router and lost approximately $ 8 million. Hackers have deliberately reduced their presence, apparently as whitehat. ETH is paused until it is examined by the audit partners who have priority. LP in ERC-20 pools is subsidized. “
THORChain suffered an elaborate attack on the ETH router, about $ 8 million. The hacker deliberately limited its effect, a whitehat.
The ETH will be stopped until it can be examined primarily with the examination partners.
LPs in the ERC-20 pools are subsidized.
– THORChain (@THORChain) July 23, 2021
Thorchain says the hacker implemented a custom contract that could trick Bifrost into making a deposit using fake assets. The network then processes refunds for them in kind.
“Whitehat has applied for a 10% bonus – which is given when you actively contact us. This is a difficult time for the community and the project, and the loss is real. The Treasury Department has funds to cover it, but the time has come slowly but surely. “
However, according to Thorchain, it would be more equitable to describe the incident as a public exploitation of the word “gray hat” rather than “whitehat”.
Last week, in a separate incident, the log also lost around $ 5 million worth of ETH.
According to Coindesk