WAX Bridge Attack Releases About $90,000 on Solana and Ethereum

A WAX multichain bridge released about $90,000 in crypto on Solana and Ethereum through five transactions after withdrawals were initiated on WAX without matching assets being paid there. The bridge sent 0.11 wrapped Bitcoin (WBTC), 2.55 wrapped Ether (WETH), 840 Dai (DAI), 21,558 Tether (USDT) and 52,986 USD Coin (USDC). The bridge involves WAX, Solana and Ethereum. The initial estimate for the five transactions was about $75,000. The current estimate is about $90,000. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.