CrossCurve Cross-Chain Bridge Faces Exploit Due to Smart Contract Vulnerability

CrossCurve has announced that its cross-chain bridge has been exploited due to a vulnerability in a smart contract. According to Odaily, the project team has urged users to immediately halt all interactions with CrossCurve until the investigation is complete and promised to provide updates through official channels. The team confirmed that some addresses received tokens that should have belonged to users due to the vulnerability. CrossCurve stated that no malicious intent has been detected from these addresses and has requested cooperation in returning the misappropriated assets. Under its Safe Harbor white hat policy, those assisting in the recovery of funds may retain up to 10% as a bounty. The announcement warned that if funds are not returned or contact is not made within 72 hours from Ethereum block height 24,364,392, the project team may escalate the situation. This could include initiating criminal and civil proceedings and collaborating with exchanges, stablecoin issuers, and on-chain analysis firms to freeze or track the involved assets.