Attackers exploited the Ethereum Alephium TokenBridge by compromising three of four guardian keys, enabling them to forge Verified Action Approvals (VAAs) and drain $815,000 in just seven minutes. They minted 13.76 million wrapped ALPH tokens without depositing any real ALPH, effectively creating assets out of thin air. This breach highlights vulnerabilities in cross-chain bridges that rely on guardian signatures for security, following similar recent attacks on other blockchain bridges. The incident raises concerns about the security of decentralized finance infrastructure and the need for stronger safeguards.
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