Pnetwork protocol is hacked, loses 277 Bitcoin to Binance Smart Chain-Bitcoin messages
Pnetwork protocol is hacked, loses 277 Bitcoin to Binance Smart Chain-Bitcoin messages
pnetwork, a multi-chain bridging protocol, announced that it was hacked yesterday and 277 PBTC (his bridged version of Bitcoin) on Binance Smart lost. The protocol confirmed that an attacker has managed to take advantage of an error in his code base to obtain control of the stolen Bitcoin. The bridging contracts currently work as usual, but with activated additional security measures.
Pnetwork protocol chopped: 277 Bitcoin lost
pnetwork, a decentralized financial bridging protocol, User was victims of a hack and lost Bitcoin in the attack. Pnetwork facilitates the mobility of assets such as Bitcoin and Ether between several chains. This helps to extend the liquidity of each decentralized financial environment on different chains.
Pnetwork reported that an error in its code base was used to make this attack. The error made it possible for the attacker to absorb 277-bitcoins that were bridged to the Binance Smart Chain Network. Other bridges or networks were not affected. The protocol team has already found the error and introduced a patch to fix it. The team explained in a tweet:
bridges are extensively checked for these and similar exploits. The bridges will be reactivated in the next few days.
A proposal to the hacker
pnetwork also has a proposal to the attacker and asked them to return money against a bay. It was said:
to the Black Hat Hacker. Although this is a long way, we offer a clean bounty of $ 1,500,000 when the money is returned. Unfortunately, finding weaknesses is part of the game, but we all want the defi ecosystem to continue to grow. The return of funds is a step in this direction.
If such a return occurs, it won't be the first time. This happened with polynetwork, another decentralized financial protocol, as the attacker is Coming back more than $ 600 million were stolen. Another example is the latest Hacken from miso, the new token output platform for the sushi protocol.
This time the exploit was a little different. MisoS team was able to connect the possible identity of the attacker to the funds. Polynetwork had similar information. After that, funds were reimbursed. In the case of Pnetwork, there was no answer at the time of writing. Pnetwork stated that it was a priority to reimburse users, but did not explain how.
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