CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

Aave user loses $305,000 after Across Protocol website hijack

CryptoSlate logo

Published on

Add as a preferred source on Google
Aave user loses $305,000 after Across Protocol website hijack

Bitquery's November 12 update estimates $401,900 across nine wallets, including about $305,000 from one Aave deposit token.

A depositor in Aave lost about $305,000 in a deposit token during the Nov. 10 hijack of the cross-chain bridge Across Protocol's website, according to a Bitquery investigation updated Nov. 12.

Bitquery links the loss to spending permissions requested through the compromised interface, exposing a lending position held outside the bridge.

Bitquery's revised trace estimates $401,900 taken from nine wallets across five blockchains, using prices at the time the assets were stolen, and the Aave depositor accounts for about 76% of the traced losses. The update adds a previously missed ether sweep.

Across Protocol said its domain was taken over on Nov. 10 through social engineering involving its registrar, Namecheap.

The asset taken from the largest wallet was aWETH, an interest-bearing token representing an Aave deposit. Aave's documentation explains that its deposit tokens can be transferred and that a signed permit can authorize another account to spend them.

In Bitquery's reconstruction, the fake site requested a permit, which the attacker then used to move the depositor's tokens, and that spending permission put the separate lending position within reach.

The first transfer transaction on Nov. 10 recorded an unlimited approval followed by about 115.23 aWETH sent to one wallet and 28.81 aWETH to another. Bitquery identifies those recipients as the attacker's wallet and the drainer's fee wallet, respectively, matching an 80/20 split.

The depositor's transfer history shows four pulls ending three minutes after the first.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.