🧵 on the Rainbow Bridge attack today.
TL;DR: attack was stopped automatically, no bridged funds lost, attacker lost some money, bridge architecture was designed to resist such attacks, additional measures to be taken to ensure the cost of an attack attempt is increased
Alex Shevchenko 🇺🇦
3,884 posts
GM, NEAR Intents; views are my own
Everything here is not a financial advice. DYOR.
Joined July 2017
- The last three weeks introduced a drastic change in my life and I cannot be silent about it. Now I'm homeless, along with millions of others. The thread is rough. But I have no other words for this. I cannot be polite when my people are dying. 🧵 1/25
- 🧵 on the Rainbow Bridge attack during the weekend TL; DR: similar to May attack; no user funds lost; attack was mitigated automatically within 31 seconds; attacker lost 5 ETH.
- Simple truth is that robust backbone (scalable RPC + chain that doesn't stop) and great UX is a receipt for Blockchain Mass Adoption. The first you can get from @auroraisnear and @NEARProtocol. The second you must demand from your team.
- Forwarder is a solution that brings multiple innovations to be unpacked over the next days: 1. Automatic connection of Aurora Cloud networks to CEXes and on-ramps 2. Bridge-less UX for transferring assets between chains -- it's sufficient to click the 'send' in your wallet1/ Bridge Abstraction is here: Effortlessly withdraw from CEXs to Aurora & other virtual blockchains. Prioritize project development over the hassle of listings simplifying your development journey! 👉 bit.ly/4CEX
00:00 - Total generated fees of NEAR Intents is $5.4M as of today. A thread on this topic.
- A mega-thread on why now is a seriously good time to build on NEAR Intents 🧵
- You don't need to be born as L2, you can become an L2. This is a thread about L2s, bridges and why Aurora architecture allows it to be treated as one of the best-designed Ethereum scalability solutions. 🧵
- Cool weekend news: together @NEARProtocol and @auroraisnear just made it to the top10 chains by TVL according to DefiLlama (all sliders on). Congratz! What do you think would happen if $USN rumours would be true?
- Big swap on NEAR Intents. User swapped 4.64 BTC on @THORSwap. Excluding FE fees it was worth $538,837.44. They received 539,260 USDT on Ethereum. This means they got an extra $423.20. The swap took 3 min 35 sec from mining BTC block till mining Ethereum block.
- NEAR Intents allow for 20k swaps for stables, BTC, NEAR, ETH and SOL. And you can get $100 more than on Thorchain. And you can do it in 2 sec instead of 15 Min.
- Bitcoin is the gold chain you flex in public. Zcash is the gold stash no one knows exists.
- We discovered some strange activity happening with the Rainbow Bridge. At the moment bridge operations are stopped. Please wait for the update. No enormous movements of funds detected by now.











