- CrossCurve identified ten Ethereum wallet addresses linked to a vulnerability exploit draining nearly $3 million from its bridge infrastructure.
- The incident involved a flaw in the ReceiverAxelar contract that allowed unauthorized fund releases by bypassing message validation, impacting multiple networks.
- CrossCurve has urged users to halt protocol interactions and offers a 10% bounty for the return of stolen funds, while comparisons to past exploits highlight ongoing security challenges in decentralized finance.