{"id":488137,"date":"2022-08-27T09:00:00","date_gmt":"2022-08-27T06:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/hacker-tries-to-exploit-bridge-protocol-fails-miserably-finance-redefined\/"},"modified":"2022-08-27T09:00:00","modified_gmt":"2022-08-27T06:00:00","slug":"hacker-tries-to-exploit-bridge-protocol-fails-miserably-finance-redefined","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/hacker-tries-to-exploit-bridge-protocol-fails-miserably-finance-redefined\/","title":{"rendered":"# Hacker tries to exploit bridge protocol, fails miserably: Finance Redefined"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28141139bd0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28141139bd0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/hacker-tries-to-exploit-bridge-protocol-fails-miserably-finance-redefined\/#%E2%80%9D_Hacker_tries_to_exploit_bridge_protocol_fails_miserably_Finance_Redefined_%E2%80%9C\" >&#8221; Hacker tries to exploit bridge protocol, fails miserably: Finance Redefined  &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/hacker-tries-to-exploit-bridge-protocol-fails-miserably-finance-redefined\/#Hacker_tries_to_exploit_bridge_protocol_fails_miserably\" >Hacker tries to exploit bridge protocol, fails miserably<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/hacker-tries-to-exploit-bridge-protocol-fails-miserably-finance-redefined\/#Bitfinex_offers_new_chain_split_tokens_ahead_of_Ethereum_Merge\" >Bitfinex offers new chain split tokens ahead of Ethereum Merge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/hacker-tries-to-exploit-bridge-protocol-fails-miserably-finance-redefined\/#Ruling_to_keep_Tornado_Cash_developer_in_jail_for_90_days_sparks_backlash\" >Ruling to keep Tornado Cash developer in jail for 90 days sparks backlash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/hacker-tries-to-exploit-bridge-protocol-fails-miserably-finance-redefined\/#Whats_going_on_with_Cardanos_testnet_and_Vasil_hard_fork\" >What\u2019s going on with Cardano\u2019s testnet and Vasil hard fork?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/hacker-tries-to-exploit-bridge-protocol-fails-miserably-finance-redefined\/#DeFi_market_overview\" >DeFi market overview<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Hacker_tries_to_exploit_bridge_protocol_fails_miserably_Finance_Redefined_%E2%80%9C\"><\/span>&#8221; Hacker tries to exploit bridge protocol, fails miserably: Finance Redefined  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights \u2014 a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter crafted to bring you significant developments over the last week.<\/p>\n<p>This past week, there were some major developments in the run-up to the upcoming Ethereum Merge slated for Sept. 15. Bitfinex became the latest crypto exchange to throw its support behind the chain split token.<\/p>\n<p>While DeFi bridge hacks have become a norm this year, developers behind Rainbow Bridge managed to foil an exploit attempt within seconds, leading to the hacker losing their safety deposit.<\/p>\n<p>The Tornado Cash developer who was arrested last week was sent to 90-day judicial custody awaiting charges. It didn\u2019t go down well with the crypto community, who have actively rallied behind the developer and have accused the authorities of throttling freedom.<\/p>\n<p>Cardano\u2019s testnet and Vasil hard fork ran into trouble again this week as founder Charles Hoskinson took to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> to claim that the issues surrounding the hard fork as \u201cincredibly corrosive and damaging.\u201d<\/p>\n<p>The top-100 DeFi tokens had a mixed week in terms of price action, with the majority of them trading in the red on the weekly charts, barring a few tokens that have shown even double-digit growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hacker_tries_to_exploit_bridge_protocol_fails_miserably\"><\/span>Hacker tries to exploit bridge protocol, fails miserably<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cross-chain bridges have increasingly become targeted by malicious entities. However, not all hackers can run away with millions in their exploit attempts. Some end up losing money from their own wallets. <\/p>\n<p>In a Twitter thread, Alex Shevchenko, the CEO of Aurora Labs, told the story of a hacker who attempted to exploit the Rainbow Bridge but ended up losing 5 Ether (ETH), worth around $8,000 at the time of writing.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitfinex_offers_new_chain_split_tokens_ahead_of_Ethereum_Merge\"><\/span>Bitfinex offers new chain split tokens ahead of Ethereum Merge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>iFinex, the company responsible for Bitfinex Derivatives, announced on Tuesday the launch of a new service offering available to users before the highly-anticipated Ethereum Merge. The exchange now offers Ethereum Chain Split Tokens (CSTs).<\/p>\n<p>Tokens available to users represent the two systems involved in the Merge: ETHW, which is proof-of-work (PoW) and ETHS, which is proof-of-stake (PoS). Bitfinex released the new trading tokens so users would be able to trade on the potential forking event. The coins will be available through the Bitfinex derivatives platform.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ruling_to_keep_Tornado_Cash_developer_in_jail_for_90_days_sparks_backlash\"><\/span>Ruling to keep Tornado Cash developer in jail for 90 days sparks backlash<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A judge in the Netherlands ruled that Tornado Cash developer Alexey Pertsev has to stay in jail for 90 more days while waiting for charges. Puzzled by the decision, the crypto community rallied to demand the release of the developer. <\/p>\n<p>In a Tweet, crypto investor Ryan Adams argued that the developer did something good for the public with his code contributions, stating that \u201ca few bad guys\u201d decided to use Pertsev\u2019s code and now the developer has to suffer the consequences.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Whats_going_on_with_Cardanos_testnet_and_Vasil_hard_fork\"><\/span>What\u2019s going on with Cardano\u2019s testnet and Vasil hard fork?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cardano founder Charles Hoskinson has continued to refute claims that the Cardano\u2019s testnet is \u201ccatastrophically broken,\u201d implying the need to finally move forward with the long-delayed Vasil hard fork.<\/p>\n<p>In a Twitter thread on Sunday, Hoskinson shared his frustration concerning some of the videos claiming Cardano\u2019s testnet has a \u201ccatastrophic\u201d issue, which stems from a Friday thread from Cardano ecosystem developer Adam Dean.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_market_overview\"><\/span>DeFi market overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analytical data reveals that DeFi\u2019s total value locked registered a $3 billion decline from the past week thanks to the market dip toward the end of the week. The TVL value was about $63.26 billion at the time of writing. Data from Cointelegraph Markets Pro and TradingView shows that DeFi\u2019s top 100 tokens by market capitalization had a mixed week, with several tokens trading in red while a few others even showed double-digit gains.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/e22efc34-50f2-415e-9c35-130e049fdb9e.png\"><\/figure>\n<p>Theta Fuel (TFUEL) was the biggest gainer with a weekly rise of 19.94% followed by Curve DAO token (CRV) with an 11.76% surge. Convex Finance (CVX) rose by 9.48% on the weekly charts and Pancake Swap (CAKE) saw a weekly gain of 7.56%.<\/p>\n<p>Thanks for reading our summary of this week\u2019s most impactful DeFi developments. Join us next Friday for more stories, insights and education in this dynamically advancing space.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/hacker-tries-to-exploit-bridge-protocol-fails-miserably-finance-redefined\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Hacker tries to exploit bridge protocol, fails miserably: Finance Redefined &#8220; Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights \u2014 a newsletter crafted to bring you significant developments over the last week. This past week, there were some major developments in the run-up to the upcoming Ethereum Merge slated&#8230;<\/p>\n","protected":false},"author":1,"featured_media":488138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvMTUxNjZkYTYtNzEyZS00OTNkLWE4MDYtMzI0YjM5YjY3MjVlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74881,75378,76982,74863,74868,74891,74882,77595],"class_list":["post-488137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitfinex","tag-cardano","tag-charles-hoskinson","tag-cryptocurrencies","tag-defi","tag-ethereum","tag-hacks","tag-lending"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/488137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=488137"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/488137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/488138"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=488137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=488137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=488137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}