On Tuesday, Ethereum (ETH) bridging and scaling resolution Aurora introduced it had paid out a $6 million bounty to ethical security hacker pwning.eth, who found a vital vulnerability within the Aurora Engine. The exploit allegedly positioned over $200 million value of capital in danger. The sum was paid in collaboration with Immunefi, a number one platform for Web 3.0 bug bounties, with $145+ million bounties out there and $45+ million bounties paid out.
On April 26, Immunefi acquired a report from pwning.eth a few vital flaw within the Aurora Engine that will have enabled the infinite minting of ETH within the Aurora Ethereum Virtual Machine as to drain and siphon the corresponding nested ETH (nETH) pool on NEAR. At the time of discovery, the pool contained greater than 70,000 ETH value not less than $200 million.
Mitchell Amador, founder and CEO at Immunefi, stated: “Hats off to Aurora and pwning.eth for the flawless general processing of the report. The bug was shortly patched, with no person funds misplaced.” Aurora had launched a bug bounty program with Immunefi only one week earlier than discovering the security vulnerability. Meanwhile, Frank Braun, head of security at Aurora Labs, commented: “We take a look at the bug bounty program because the final step in a layered protection strategy and can use this bug as a studying alternative to enhance earlier steps, like inside opinions and exterior audits.
Though arguably revolutionary, cross-chain communication protocols have been a first-rate goal of hackers as of late. In February, one of many largest decentralized finance hacks occurred when the Wormhole token bridge was drained of over $321 million in digital property after hackers exploited an infinite minting glitch between its wrapped ETH and ETH pool.