CrossCurve, a cross-chain liquidity protocol, has suffered a $3 million loss after a security breach targeting its bridge infrastructure. Attackers exploited a vulnerability in the ReceiverAxelar contract, allowing them to spoof cross-chain messages and trigger unauthorized withdrawals from the PortalV2 contract. The incident affected multiple blockchains connected to the platform, prompting CrossCurve to advise users to pause all interactions while investigations continue. The breach highlights ongoing security challenges in DeFi, particularly for cross-chain bridges, and has raised concerns among users and industry observers about the risks of decentralized finance protocols.
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