ChainSwap (ASAP)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:
• “cross-chain hub for all smart chains”

Audits

• Bug bounty program can be found [insert here].

Bugs/Exploits

• From Rekt (13-7-2021):

"This is the second incident this month, first $800,000, now $4.4 million. On the Ethereum network, each token to be bridged has its own proxy Factory contract. The attacker was able to exploit the contract, minting tokens directly into different addresses, before reaccumulating them into the wallet from which the transactions were initially sent. Over on BSC, the exploit targeted a total of 20 tokens, according to ChainSwap’s post-mortem. The evidence is present in the attacker's Ethereum wallet taking the form of a long series of 0.005 ETH transactions, each evidence of freshly minted tokens via the Chainswap bridge. The last few transactions show the attacker cashing out some of the ETH that had been bridged from BSC, via 1inch - a series of 5 transactions totalling 456 ETH, or approximately $935,000 at the time of writing.

We are left wondering... why would the hacker fund his wallet with money from Tornado and then change his bounty into a centralised stablecoin such as USDT? Why has this money still not been laundered? ChainSwap have arranged a full compensation plan for those affected by the attack, but the reputation of their platform can’t be refunded."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found [Insert link here].

Team, Funding and Partners

Team

• Full team can be found [here].

Funding

• Backed by Alameda (13-7-2021).

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