Rainbow Bridge Repels Onchain Attack

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Rainbow Bridge, a blockchain-based service that allows users to transact data between contracts on NEAR and Ethereum, has successfully repelled another attack over the weekend, Aurora Labs CEO, Alex Shevchenko, wrote in a thread on Twitter.

Shevchenko says a bad actor submitted a fabricated NEAR block to the Rainbow Bridge contract, backing it with a safe deposit of 5 ETH. Although the transaction was successfully submitted in the Ethereum blockchain, automated watchdogs "were challenging the malicious transaction, which resulted in an attacker losing his safe deposit."

Crypto Custodian BITGO to Offer Storage Services to Near Protocol

In ealry August, eBridge, a cross-chain liquidity protocol, also faced an attempted cyberattack apparently conducted by the Lazarus group. The project's co-founder, Alex Smirnov, said that the attack was organized through email, with an attached PDF file named "New Salary Adjustments."

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