Discover and read the best of Twitter Threads about #orionbridge
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#Wormhole: another bridge exploit.
Our goal is not to capitalize, but highlight the need for change. Exploits needn’t be so commonplace - protocols must adapt to protect users.
#OrionBridge is the most secure bridge in market - built on peer-to-peer atomic swaps. $ORN
1/16 🧵
Our goal is not to capitalize, but highlight the need for change. Exploits needn’t be so commonplace - protocols must adapt to protect users.
#OrionBridge is the most secure bridge in market - built on peer-to-peer atomic swaps. $ORN
1/16 🧵
Recent bridge exploits: what happened?
#Qubit: $80m
QBridge was hacked to create a huge amount of qXETH (wrapped ETH bridged via Qubit) collateral used to drain the entire quantity of BNB stored on QBridge.
2/16
#Qubit: $80m
QBridge was hacked to create a huge amount of qXETH (wrapped ETH bridged via Qubit) collateral used to drain the entire quantity of BNB stored on QBridge.
2/16
The attacker utilized a deposit option in the QBridge contract to illegally mint 77,162 qXETH to borrow on BSC. Addresses connected to the attack show 206,809 BNB were drained.
3/16
3/16
