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Nearly 200,000 XRP drained from Coreum cross-chain bridge exploit
['Editorial Team']
Crypto Briefing
A deposit verification flaw allowed an attacker to siphon 199,916 XRP through 94 transactions in just 97 minutes, leaving the bridge nearly empty.
The Coreum cross-chain bridge connecting to the XRP Ledger got gutted on August 9, losing approximately 199,916 XRP in under two hours.
The bridge’s relayer logic was supposed to confirm that deposits on one chain were genuine before authorizing withdrawals on another.
The bridge goes darkAs of August 11, the Coreum bridge remained suspended.
When the verification logic has a bug, as it did here, the entire security model collapses.