Polkadot-Ethereum Bridge Hacked, Resulting in $2.5M Losses

A significant cybersecurity breach has been reported involving the Polkadot-Ethereum bridge, resulting in substantial financial losses. According to latest estimates, the attackers managed to siphon off $2.5 million, a staggering ten times the initially estimated loss.

The exploit took advantage of a vulnerability in the Merkle Mountain Range proof verification logic, which had far-reaching consequences across multiple blockchains.