CrossCurve bridge loses $3 million in smart contract exploit

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February 3, 2026 at 5:31 PM

Actively Exploited

Overview

CrossCurve, a decentralized finance platform, recently lost $3 million due to an exploit in its smart contract. Attackers took advantage of a vulnerability in the ReceiverAxelar contract, which was missing an essential validation check. This flaw allowed them to manipulate transactions undetected, leading to significant financial loss. The incident raises concerns about the security of smart contracts within the DeFi space, where similar vulnerabilities can have widespread implications for users and investors. As decentralized finance continues to grow, ensuring the security of such contracts is crucial to maintaining trust in these platforms.

Key Takeaways

Active Exploitation: This vulnerability is being actively exploited by attackers. Immediate action is recommended.
Affected Systems: CrossCurve ReceiverAxelar contract
Action Required: Conduct a thorough review and audit of smart contracts, implement additional validation checks, and possibly halt affected contracts until they are secured.
Timeline: Newly disclosed

Original Article Summary

The incident occurred when attackers leveraged a flaw in CrossCurve's ReceiverAxelar contract, which lacked a crucial validation check.

Impact

CrossCurve ReceiverAxelar contract

Exploitation Status

This vulnerability is confirmed to be actively exploited by attackers in real-world attacks. Organizations should prioritize patching or implementing workarounds immediately.

Timeline

Newly disclosed

Remediation

Conduct a thorough review and audit of smart contracts, implement additional validation checks, and possibly halt affected contracts until they are secured.

Additional Information

This threat intelligence is aggregated from trusted cybersecurity sources. For the most up-to-date information, technical details, and official vendor guidance, please refer to the original article linked below.

Related Topics: This incident relates to Exploit, Vulnerability.

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