CrossCurve protocol suffers suspected $3M exploit

CrossCurve, a crypto protocol supported by Curve Finance (CRV) founder Michael Egorov, has been attacked via its cross-chain bridge, Cointelegraph reported, citing data from security firm Defimon Alerts. The exploit is estimated to have resulted in the theft of approximately $3 million in funds across several networks. In a post on X, CrossCurve confirmed that a smart contract vulnerability had been exploited and asked users to halt all interactions with the protocol pending an investigation. The attacker reportedly bypassed validator procedures in a specific smart contract, allowing them to send forged cross-chain messages that triggered the unlocking of tokens.