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Morning Edition · Wednesday, August 12, 2026Published at 1:36 AM EDT · New York
Coreum Bridge Loses Nearly 200,000 XRP After Its Relayer Software Credited Fake Deposits
The attacker moved the bridge's own token between two wallets he controlled with a deposit label attached, then withdrew real XRP through the normal path over 97 minutes.
An attacker drained 199,916.3 XRP from the Coreum cross-chain bridge on August 9, in a failure of deposit verification rather than of cryptography. The attacker sent the bridge's own token between two wallets he controlled and attached a la…
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Losses Move to Components That Worked as Designed
A growing share of DeFi losses will come not from buggy contract code but from components behaving exactly as specified — oracle forwarders, validator signature sets, governance votes and other trusted off-contract inputs — so audits and bug bounties scoped to on-chain code keep missing the failure surface, and protocols will be repeatedly forced to extend review, scope and monitoring to their privileged operational infrastructure.
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