Ankr Bridge Exploit Drains $292K in Crypto

Ankr's Ethereum bridge exploit drains nearly $292,000 through five forged withdrawal receipts using a reused Optimism transaction.

Ankr Bridge Exploit Drains $292K in Crypto
Ankr Bridge Exploit Drains $292K in Crypto

Ankr's Ethereum cross chain bridge suffered an exploit that allowed an attacker to withdraw approximately $292,000 in crypto assets, according to blockchain security firm Blockaid. The incident involved five fraudulent withdrawal receipts created from a previously valid Optimism transaction.

By modifying transaction details while retaining valid signatures, the attacker bypassed the bridge's verification process and extracted several Ankr related tokens. The attack raised immediate concerns about the bridge's security and the possibility of further unauthorized withdrawals.

Blockaid Detects Five Unauthorized Withdrawals

Blockaid identified the Ankr bridge exploit and reported that the attacker had executed five withdrawal calls on Ethereum. The transactions relied on a legitimate Optimism deposit of just 0.0044 ankrETH, which was reused to create fraudulent withdrawal receipts.

Rather than submitting separate genuine deposits, the attacker altered details within the original transaction receipts, including destination addresses and withdrawal amounts. The receipts retained valid signatures, allowing the bridge to accept them as legitimate requests.

This manipulation enabled withdrawals that were not supported by corresponding deposits on the source chain. Blockaid initially estimated the losses at approximately $292,000 and described the attack as ongoing.

Ankr Bridge Loses Multiple Tokens Worth Over $300,000

The attacker withdrew five different assets from the Ethereum bridge, including liquid staking tokens and ANKR. The stolen assets included 83 ankrETH valued at approximately $192,000, 515,200 ankrPOL worth around $56,000, and 8 million ANKR tokens valued at approximately $30,700.

The withdrawals also involved 5,372 aMATICb tokens and additional aETHb. The Defiant estimated the total loss at $303,600, while other security reports placed the damage between $286,000 and $304,500.

Most of the stolen assets were subsequently exchanged for approximately 103 ETH, moving the funds into a different asset.

Ankr Yet to Respond as Users Face Security Concerns

Ankr has not issued a public response addressing the exploit, the source of the forged signatures, or possible compensation for affected users. The incident also leaves questions about whether the bridge remains vulnerable to additional unauthorized withdrawals.

Users interacting with Ankr's bridge should closely monitor their wallets and avoid further transactions until the security situation becomes clearer. Blockaid's initial alert specifically described the attack as ongoing, making the possibility of additional losses an immediate concern.


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