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Security incident · 2021-10-04

pNetwork

According to the public DefiLlama incident dataset, pNetwork (BSC, Bitcoin) suffered a security incident on 2021-10-04, with about $13.0M reported lost.

Date2021-10-04
Reported loss$13.0M
ChainBSC, Bitcoin
Target typeDeFi Protocol
Technique classBridge & Cross-Chain
TechniqueSpoofed Event Log
Bridge incidentYes
Within 2021#34 by loss that year, 0.5% of all reported losses that year

How this kind of attack works

A bridge confirms on one chain and releases on another. When confirmation was bypassed, the attacker received assets on the target chain without depositing.

Would a pre-payment check have helped

Needs other controls

Bridge mint/verification flaws happen inside the bridge and are addressed by its own security design and audits.

Other incidents with the same technique

Sources

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