warp.green ERC-20 bridge vulnerability exploited; protocol offers white hat settlement requiring 90% asset return within 48 hours or public characterization as exploit.
Security & Exploits ·
A vulnerability in the warp.green ERC-20 bridge has been exploited, prompting the protocol to issue an onchain settlement offer to the party responsible. The protocol is requesting return of 90% of the assets obtained through the exploit to an Ethereum multisig address within 48 hours, with the remaining 10% offered as a white hat bounty. Should the funds be returned within the deadline, warp.green says it will publicly characterize the incident as a white hat disclosure and acknowledge cooperation.
The message, transmitted from an address associated with the protocol, frames the recovery effort as a cooperative resolution. The protocol cites three years of operation and emphasizes protection of users reliant on the bridge infrastructure. Communication regarding the incident is to be conducted through Blockscan Chat from an address involved in the incident.
The specific nature of the vulnerability, the total volume of assets at risk, and whether the 48-hour settlement window will be met remain unconfirmed. No independent verification of the bridge's current status or user impact has emerged at this time.