WAX Suffers $90.5K Loss Due to Technical Oversight
Photo: Coinfomania
WAX faces a $90.5K loss due to a technical flaw in withdrawals. This incident raises concerns about multi-chain security. WAX has reported a significant loss of approximately $90.5K due to a technical oversight involving its eth.token::withdraw function. This vulnerability allowed attackers to bypass fee checks, leading to unauthorized withdrawal amounts. As detailed in a tweet by crypto commentator @SlowMist_Team, this incident raises serious concerns about the security of multi-chain bridges and could impact user trust moving forward. The broader crypto market is currently showing mixed signals, with varying momentum across major assets.
Source: Coinfomania
