Hackers Lose 5 Ether While Trying to Attack Near Protocol’s Rainbow Bridge

Hackers Lose 5 Ether While Trying to Attack Near Protocol’s Rainbow Bridge

This was possible because of how the Rainbow bridge works. As a wholly decentralized platform, Rainbow relies on several validators, called bridge relayers, who submit block info on Near blocks to Ethereum. Anyone can submit information to Rainbow, and false information could likely result in a loss of all user funds.

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