ChainSwap (ASAP)

From CryptoWiki

Basics

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

History

Audits

Bugs/Exploits

"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."

Governance

Admin Key

DAO

Treasury

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

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

Implementations

  • Built on:
  • Programming language used:

Transaction Details

How it works

Fee Mechanism

Upgrades

Mining

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Privacy Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

Partners

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