Nervos Network's Force Bridge Slammed with $3.9M Crypto Heist

Immediate Shutdown as Hackers Drain Millions

Hackers just smashed through Nervos Network's Force Bridge, swiping a jaw-dropping $3.9 million in crypto! The team slammed the brakes on everything, shutting it down to hunt down the culprits behind this audacious exploit.

Cyvers Alerts Blows the Whistle

Blockchain security gurus at Cyvers Alerts sounded the alarm on June 2, spotting a sketchy address hijacking the bridge like a pro. This slick attacker drained a boatload of tokens: 60,400 Dai, 539 Ethereum, 898,300 USD Coin, 257,800 Tether, and 0.79 Wrapped Bitcoin. Talk about a crypto buffet!

🚨ALERT🚨Our system has detected multiple suspicious transactions involving Nervos Network. A suspicious address appears to have taken control over the bridge, stealing ~$3M in assets: 257.8K USDT, 539.09 ETH, 898.3K USDC, 60.4K DAI, 0.79 WBTC. All funds were swapped to ETH and…

Attack Slashes Across Ethereum and BNB Chain

The heist ripped about $3 million from the Ethereum side and an extra $800,000 from BNB Chain. Hacken, another blockchain security crew, spilled the beans that the attacker was relentless, hammering away with multiple failed tries over six hours before finally cracking the system wide open.

“This exploit is a stark reminder of what we’ve been shouting from the rooftops: access control failures are now a killer threat in Web3,” Hacken declared. “The attacker kept hitting us for six hours before nailing 874 BNB. That should’ve set off every alarm in the place.”

The Play-by-Play of the Heist

Hacken laid it all out: the attacker first zeroed in on Force Bridge on BNB Chain right after 01:30 UTC on June 2, trying and failing repeatedly. A tiny test breach at 02:23 UTC netted just $25. But the big show came at 07:36 UTC when 874 BNB, worth roughly $572,000, got drained. More funds vanished on both BNB Chain and Ethereum, pushing the total to a whopping $3.9 million.

Covering Tracks with Crypto Mixers

The stolen loot was quickly funneled through crypto mixers and shady platforms like Tornado Cash and FixedFloat, trying to throw everyone off the scent. Hacken pointed out that the funds were split into new wallets and bounced around before hitting these services. Sneaky, but not sneaky enough!

Hacken hammered home that this mess could’ve been stopped cold with real-time monitoring tools like their Extractor platform, designed to spot weird activity across chains and slam the door on exploits before they spiral out of control.

🚨 Security Alert 🚨 Nervos Network's ForceBridge got hit hard due to an Access Control vulnerability, losing $3.9m in assets ($3.1m on ETH and $800k on BNB Chain)! There were failed attempts for six hours before the big one. Most of the funds are already…

Magickbase Halts Everything

In the wake of this cyber heist, Magickbase, a key player in the Nervos Network community, hit the panic button, stopping all Force Bridge activity. “We’ve detected some seriously weird stuff on #ForceBridge and have hit the brakes as a precaution. Our team’s on it,” they announced.

Force Bridge's Role in the Multi-Chain Vision

Force Bridge is a big deal for Nervos Network’s multi-chain dreams, letting you move assets like ETH, ERC-20 tokens, and maybe even NFTs between Nervos and networks like Ethereum and Binance Smart Chain. It works by locking assets on one chain and minting matching tokens on Nervos, all under the watchful eye of a multi-signature wallet run by Nervos and their partners.

Another Blow to Crypto Security

This latest exploit just adds to the growing pile of crypto hacks shaking up the industry. PeckShield, another blockchain security firm, says the crypto world lost $244.1 million to hacks in May. That’s still a huge number, but it’s down 39% from April’s losses, showing maybe we’re getting a tiny bit better at fighting back.