
CrossCurve suffered a $3 million multi-network asset drain after a smart contract exploit, prompting suspension of user interactions to prevent further losses.
CrossCurve has confirmed being targeted in a smart contract exploit that drained approximately $3 million worth of assets across multiple blockchain networks. The attack, disclosed via a Feb. 2 X post, prompted the protocol to advise users to pause all interactions. Earlier details revealed that attackers bypassed gateway verification in the ReceiverAxelar contract, using forged cross-chain messages to unlock tokens without authorization. The incident highlights persistent security risks in cross-chain protocols and their susceptibility to validation bypass attacks.