A malicious actor attacked the NEAR Protocol Rainbow Bridge on May 1, but the attacker failed due to the design of the bridge. The Failed Rainbow Bridge Attack According to Aurora Labs CEO Alex Shevchenko in a detailed post, the attempt began on May 1, with the attacker rolling out a contract supposed to deposit funds to become a Rainbow Bridge relay. The plan was to send blocks of fraudulent thin clients. After some time, a bridge watchdog determined that the submitted block was not on the NEAR protocol blockchain and sent a challenge transaction to Ethereum. MEV bots discovered this trade and calculated that the forward execution would result in a gain of 2.5 ETH. As a result, the monitoring transaction failed, but the MEV bot transaction succeeded and canceled the block made by the attacker, resulting in a loss of 2.5 ETH for the attacker without theft of funds. Although the attack failed, the project will investigate additional security measures […]
The post How NEAR’s Rainbow Bridge Was able to Repel an Attack appeared first on Kripteu Magazine.