Across Protocol details Relayer security incident; net loss seen below $4M
AI Market Summary
Across Protocol disclosed a Relayer security incident tied to Risk Labs' Solana offchain event reader, enabling 1,627 fabricated deposits (~$41.7M face value). The Relayer advanced ~$4.5M for 581 transactions before halting Solana services; with ~$0.5M of attacker funds trapped, net loss is under $4M and ~$37M of fraudulent deposits were invalidated. The event elevates crosschain and Solana-bridge operational risk concerns short term.
Impact level
● Medium
Affected assets
SOL/USDT-2.74%
AI Insight · SOL/USDTAI Insight
▼ Bearish
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PANews, July 25: Crosschain protocol Across Protocol published a post-incident report on a Relayer security event. The protocol said that on July 17, attackers exploited a vulnerability in Risk Labs' offchain Solana event-reader software, generating 1,627 fraudulent deposit transactions with a combined face value of about $41.7 million. Before Solana services were halted, the Relayer fronted funds for 581 of those transactions, deploying roughly $4.5 million of its own capital. Around $500,000 of the attacker's funds remains trapped in the protocol, putting the net loss at under $4 million. The remaining roughly $37 million in fabricated deposits has been invalidated.
