Cross-chain asset bridge ChainSwap, recently suffered from a second attack due to a vulnerability exploit in its protocol, has prepared a compensation plan for users to cover $8 million latest loss. Among assets suffered from the attack were tokens of Nord, Razor, Antimatter, Wilder World, and Ora.
In a blog update, the developer’s team assured users that the ChainSwap bridge is currently halted, noting that a deep audit will soon be conducted.
ChainSwap reported they spent 717,200 ASAP (around $150,000) to compensate affected partner projects, in addition to stablecoin compensation from the team fund. The developers also were able to withdraw the funds from Uniswap to provide liquidity and to burn all hacked ASAP from the hacker’s wallet.
As DeFiTeller reported, on July 10 an unknown hacker was able to steal more than 20 different assets from the liquidity pools of partner exchanges.