⚡ 7 MINUTES, $815K GONE: The Alephium TokenBridge Exploit Broken Down ⚡
Cross-chain infrastructure has just taken another major hit. The @alephium TokenBridge on Ethereum was exploited in a rapid-fire 7-minute window, resulting in a near-total drain of its assets.
Here is how the attack unfolded:
1️⃣ The Illusion: This wasn't a stolen private key attack. The exploiter successfully injected forged malicious events/messages into the validation layer.
2️⃣ The Forced Signatures: The bridge guardians were tricked into observing these fake messages as legitimate, automatically signing off on the transactions.
3️⃣ The Hyperinflation: The attacker instantly minted 13.76M wrapped ALPH from thin air (over 100% of the prior supply) to unlock collateralized $USDT, $USDC, $WBTC, and $WETH.
The hacker is currently sitting on the entire drained haul. When a bridge gets tricked into infinite minting, local liquidity pools pay the price.
#DeFi #Ethereum #Alephium $ALPH $ETH #CryptoSafety #ShieldGuardLearn #SHPRO
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