The reward is the second greatest in crypto history, consistent with Immunefi.
Key Takeaways
- Aurora has paid out a $6 million worm bounty to a white hat hacker who warned it of a that which that you can perhaps imagine $330 million exploit.
- ImmuneFi, which coordinated the bounty and payout, says that the amount is the second greatest reward in crypto history.
- The Aurora payout is surpassed fully by a $10 million worm bounty from Wormwhole, which used to be paid out in Would possibly well maybe.
Aurora, a blockchain bridge mission, has paid out the second-greatest reward in crypto history after being informed of a vulnerability.
$330 Million In Losses Averted
A white hat hacker by the establish of Pwning.eth came all over and notified Aurora of an exploit in the mission’s Aurora Engine.
The Aurora Engine is an Ethereum Digital Machine (EVM) constructed on the NEAR Protocol. It permits builders to secure and grunt apps for every and every platforms—NEAR and Ethereum—correct now.
Immunefi said in an announcement that the worm interested an infinite spending vulnerability that “might well perhaps were exploited to mint arbitrary ETH in the Aurora EVM at an exponential trip.”
Immunefi estimates that Aurora might well perhaps have misplaced up to 70,000 ETH ($130 million) plus $200 million in varied property through the exploit. No funds were misplaced, though, because the mission lickety-split patched the worm.
Frank Braun, Head of Security at Aurora Labs, acknowledged that “such a vulnerability might well perhaps mute were came all over at an earlier stage of [our] protection pipeline.” On the opposite hand, he added that Immunefi’s worm bounty program has been “precious in incentivizing white hats to stare upon our code atrocious and explain bugs in a to blame formula.”
Pwning.eth used to be awarded a $6 million worm bounty after alerting the mission of the difficulty by skill of Immunefi on April 26.
Computer virus Bounty Breaks Files
In accordance to Immunefi, the $6 million reward paid by Aurora is the second-greatest bounty ever delivered in crypto history.
Handiest one varied bounty had a increased reward: a $10 million reward for the Solana bridge Wormhole that used to be paid out in Would possibly well maybe.
Immunefi is also providing a $10 million reward for the stablecoin mission MakerDAO that has no longer but been paid out, which might well perhaps overtake as of late’s payout and secure it the third-greatest in history.
Up to now, Immunefi has paid out bigger than $40 million in bounties and averted north of $20 billion in hack damage.
DeFi and blockchain exploits might maybe also be catastrophic for protocols. Closing week, digital synthetic property creator Ponder Protocol suffered a $2 million hack that close to destroyed the mission altogether. It previously misplaced $90 million to an odd vulnerability.
Disclosure: At the time of writing, the creator of this half owned ETH and loads of alternative varied cryptocurrencies.
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