a bit confused | Securing @Plasma 🕊️

Joined November 2010
Stablecoin-backed cards make make global balances instantly usable at 100M+ businesses. We're looking forward to working with @plasma to advance the space.
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Like I said recently, Near Intents in the way most people use it (and the only reasonable way to use it) is basically a centralized swapper xitter.cf/usmannk/status/2090923…
Incoming Zcash/ZODL scandal: $589k frozen after Zcash swapped through Near Intents. The user had been ghosted for 50 days before getting a response a few days ago on the Zcash forum from ZODL, saying that they can't comment on the matter (attached).
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The recent incident affecting one of Rain’s programs does not impact @Plasma One. All user assets are safe and our team is continuing to monitor the situation. P1.
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very strange seeing technical leaders employing AI slop to communicate issues of this magnitude ngl
There's some FUD circulating about Ledger signers, pushed by a "smart contract security" company claiming a vulnerability in the Ledger Ethereum app. There was a bug concerning certain clear signing flows. It was found by the @DonjonLedger using their AI-powered vulnerability research suite. It was fixed and deployed two weeks ago. If you keep your Ledger apps up to date, you are protected. That's the whole story. Now the framing. What actually happened: this company reached out to our bounty program after the fix was already shipped, and did not follow responsible disclosure, they actually never discussed with the bounty program team. Then they published a thread implying the problem is unsolved. It is not. That's not security research. That's manufacturing fear for attention. Here is the uncomfortable part. AI changes the security landscape for everyone, defenders and attackers alike. The @DonjonLedger is leading on exactly this: using AI to find real bugs before they reach users. But AI-speed research only makes the ecosystem safer if the people doing it still follow basic security principles. Disclose responsibly. Verify before you publish. Don't confuse noise with a finding. An actor who skips all of that is net negative for the ecosystem, regardless of the tooling behind them. The takeaway for you is simple. Keep your Ledger signers up to date (update the FW, update the apps), keep your software up to date in general, and you benefit from the latest security work automatically. Ignore the FUD. Stay safe.
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lots of people mention $ZEC in the same breath as @near_intents but from what i can tell this is relying on a trusted party for swapping? seems like there are millions of $ of txs held on NI for months now. i don't see any clear relation from them to hacks. may as well use CEX
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ok maybe we took it a little too far
Mythos true efficacy aside, $NET down idiosyncratically here is the opposite of what should happen. if anything more $ will head their way as we have increased need for WAF, DoS protection, etc.
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i suspect that after the recent ZEC run up we will see more and more attackers laundering funds through the shielded pools. $10M through the orchard pool is nothing now. basically identical properties to tornado cash but more liquid and less scrutinized.
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@zachxbt has this already started?
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looks like @AFX_XYZ is now fully uncollateralized after their locking contract was exploited
Looks like there is a USDC bridge possible exploit on Arbitrum! @blockaid_ detected an abnormal bridge withdrawal that extracted ~$24.15M USDC from an Arbitrum USDC custody bridge contract. The on-chain bridge logic was not bypassed; the malicious withdrawal was authorized by a quorum of hot-validator signatures and then finalized after the dispute period. Exploit tx: arbiscan.io/tx/0x50d0b3ec6c3… Root cause: compromise or abuse of the bridge's hot-validator signing path. Five hot-validator signatures authorized a withdrawal of 24,150,000 USDC to the loot wallet, reaching 7,142 / 10,000 validator power (>2/3 quorum). The bridge contract then treated the withdrawal as valid and released funds after the 200-second dispute period. The attacker subsequently bridged/laundered the proceeds to Ethereum: the same loot wallet received ~24.146M USDC minted on Ethereum in batches and forwarded the funds onward, consistent with movement of the stolen Arbitrum USDC.
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the @wanchain_org bridge was hacked on @Cardano endpoint. bit of a "classic" issue where the nodes signed a hash over malleably packed fields & took untrusted info on the boundaries. much of the $NIGHT on binance is now unbacked bc it was bridged, think it's a 0 not just -50%
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Welcome @usmannk to the DSS 2026 Review Committee. Thank you for helping shape this year's technical program. DSS 2026 | Mumbai, India
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rough one. looks like @SUPRA_Labs actually knew about this exploit in their oracle. on more important networks like Arbitrum they upgraded their impls over the last 2wks (previously untouched for years). someone must have noticed this and found the forgotten Hedera instance
Hedera is aware of the incident affecting Bonzo Lend, an independently operated DeFi application built on Hedera. Based on the findings to date, Hedera’s consensus mechanism and core network services were not compromised, and mainnet remained operational. Bonzo’s preliminary report points to an issue involving a third-party oracle verifier.
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I also found and reported a bug last week that would have compromised the entirety of all funds on @NibiruChain. While they have read the report and since fixed the bug, they haven't done so much as respond to a single message of mine -- not even the report itself.
Found a bug in @NibiruChain and they are posting me in a branch product. I found and reported a serious chain halt bug in nibiru, which they fixed, then they claimed it was a cosmos bug and thus not going to pay for it, I have never seen a more pathetic excuse than this: github.com/NibiruChain/nibir…
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If you're interested in catching chain halts, here are some ideas: Consensus critical paths: - Check consensus invariants and how to break them -> halt - Check functions that should always succeed, but you find a way to make them fail or revert for everyone every time -> halt - Check functions that should always return a response (success or failure), but you can make them panic -- unexpected side effect or missing recovery mechanism. - Look for possible sources of non-determinism -- may lead to chain halt or fork Risk profiles: - Halt the production of blocks - Halt the production of proposals - Halt the processing of transactions - Halt the p2p communications - Halt the processing of txs - Crash validators consistently - Crash critical dependencies consistently Attack Surface: - Trace back the critical paths, and the components that could be broken - It may be a malicious transaction by any user, or a malicious p2p message relayed to the nodes - It could be a rogue validator with a malicious proposal - The chain might read events from contracts. It could have a light client checking things happening on other chains. - It could be time based, or something that happens on specific blocks, or during some special event. - There might be issues in dependencies that aren't critical anywhere else, but they lead to a more severe impact in some specific flow - The chain could have special roles that could be vulnerable to specific attacks Resource exhaustion: - CPU: make validators spend too much time computing transactions or blocks -- they won't make it in time for agreeing on the block - Memory: crash validators with OOM errors - Storage: bloat the disk space - Invariants: bloat some resource invariant, like consistently surpassing the block size, or tx size, making proposals fail. Caveats: - Most bugs aren't vulnerabilities. Learn how to code an e2e PoC for a network. - Not every panic leads to a crash. They're often gracefully caught. - Not every crash leads to a chain halt. You may crash the RPC node, but not the validators - A chain might have different clients, and the overall impact may not lead to a chain halt - Permissionless attacks are more dangerous than ones that require a validator - Panics in transactions are usually caught by the execution layer - If the impact is that your tx reverts, there's no impact. If the impact is that your proposed block is rejected, there's no impact. - Chains have different consensus mechanisms and caveats. The same vulnerability won't necessarily lead to the same impact. There's a huge overlap with other impacts. The same core vulnerability could be exploited for a chain halt, or could be used to take down validators to gain consensus, or could be abused to lead to a chain fork, or other issues. It's also possible that it doesn't lead to any real impact too. It's up to you to assess the most critical impact.
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dark forest tourists out in spades today
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looks like @namada privacy protocol hacked over IBC but nobody noticed. is the project abandoned? ~$600k drained
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usmann retweeted
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