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Immunefi researcher saves $200 million from potential theft on | DeFi & Ethereum News

Immunefi researcher saves $200 million from potential theft on three Polkadot parachains

A
security researcher discovered a software vulnerability that could have been exploited to steal as much as $200 million from three Ethereum-compatible parachains on Polkadot — Moonbeam, Astar Network and Acala. The researcher, known as pwning.eth, was awarded a $1 million bounty.

The researcher, known as pwning.eth, found and reported the critical vulnerability in June, when the program was submitted, in a software called Frontier that is used for "wrapping" native tokens on the three blockchain projects (or parachains) on the Polkadot network. The report was submitted on the crypto-focused bug-hunting platform Immunefi on June 27, but only recently disclosed.which holds the native tokens in escrow and issues the wrapped tokens to the user.

Source

https://t.me/DeFi_Ethereum