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Blockaid Flags WAX Bridge Attack After Unpaid Token Releases

Blockaid’s Oct. 22 alert described five transactions releasing mapped assets on Solana and Ethereum without a corresponding payment on WAX.

Updated 1 min read
A security analyst reviews a laptop inside a cybersecurity office in Tel Aviv, Israel. / EconoTimes.ai
A security analyst reviews a laptop inside a cybersecurity office in Tel Aviv, Israel. / EconoTimes.ai

A Blockaid alert on Oct. 22 described five transactions in a WAX multichain-bridge attack, with mapped tokens released on Solana and Ethereum without matching payment to WAX.

The alert listed these token quantities: 0.11 Wrapped Bitcoin (WBTC), 2.55 Wrapped Ether (WETH), 840 Dai (DAI), 21,558 Tether (USDT) and about 52,986 USD Coin (USDC). The figures count token units; they do not state an aggregate dollar value.

The activity involved WAX and two destination networks, Solana and Ethereum. The notice said the activity had not stopped by the time Blockaid issued it.

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