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#crypto bridge exploit

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WAX Blockchain Loses $90.5K Following Technical Oversight
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WAX Blockchain Loses $90.5K Following Technical Oversight

Key Highlights The Worldwide Asset eXchange (WAX) sustained an estimated loss of $90,500 following an exploit targeting a smart contract function. Attackers successfully bypassed intended fee validation mechanisms within the eth.token::withdraw function to drain unauthorized funds. The incident underscores persistent technical risks surrounding cross-chain bridge mechanisms and contract-level withdrawal logic in decentralized ecosystems. Technical Vulnerability ...

$3.55M in Unclaimed Bridge Funds Moved via EIP-7702
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$3.55M in Unclaimed Bridge Funds Moved via EIP-7702

Key Highlights Over $3.55 million in bridged digital assets was drained from a single wallet via Polygon’s Agglayer and NEAR’s Rainbow Bridge in two separate transactions. The entity routed transactions using Ethereum’s EIP-7702 delegation framework, funded beforehand via privacy mixer Tornado Cash. Prior to the drain, onchain researcher stuckfunds.eth had warned the original wallet owner ...