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Security incident · 2018-05-13

MonaCoin

According to the public DefiLlama incident dataset, MonaCoin (MonaCoin) suffered a security incident on 2018-05-13, with about $90K reported lost.

Date2018-05-13
Reported loss$90K
ChainMonaCoin
Target typeChain
Technique classBridge & Cross-Chain
TechniqueForged Proof
Bridge incidentNo
Within 2018#17 by loss that year, 0.0% 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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