Low-Cap Ethereum Altcoin Pops As Coinbase Announces Full Crypto Rollout

September 8, 2022 The Daily Hodl

Top Ethereum (ETH) Competitor Launches Across Coinbase Retail Ecosystem

September 2, 2022 The Daily Hodl

Two Ethereum-Based Altcoins Jump After Crypto Exchange Coinbase Announces Support

August 31, 2022 The Daily Hodl

Coinbase Puts Two Low Cap Ethereum Altcoins on Its Listing Roadmap As Crypto Markets Stall

August 23, 2022 The Daily Hodl

Aurora pays $6M bug bounty to ethical security hacker through Immunefi

June 7, 2022 Coin Telegraph

Aurora

Over $200 million worth of users' funds could have been at risk if the whitehat chose to exploit the vulnerability for personal gain instead of reporting it to developers.

On Tuesday, Ethereum (ETH) bridging and scaling solution Aurora announced it had paid out a $6 million bounty to ethical security hacker pwning.eth, who discovered a critical vulnerability in the Aurora Engine. The exploit allegedly placed over $200 million worth of capital at risk. The sum was paid in collaboration with Immunefi, a leading platform for Web 3.0 bug bounties, with $145+ million bounties available and $45+ million bounties paid out.

On April 26, Immunefi received a report from pwning.eth about a critical flaw in the Aurora Engine that would have enabled the infinite minting of ETH in the Aurora Ethereum Virtual Machine as to drain and siphon the corresponding nested ETH (nETH) pool on NEAR. At the time of discovery, the pool contained more than 70,000 ETH worth at least $200 million.

Mitchell Amador, founder and CEO at Immunefi, said: "Hats off to Aurora and pwning.eth for the flawless overall processing of the report. The bug was quickly patched, with no user funds lost." Aurora had launched a bug bounty program with Immunefi just one week before discovering the security vulnerability. Meanwhile, Frank Braun, head of security at Aurora Labs, commented: "We look at the bug bounty program as the last step in a layered defense approach and will use this bug as a learning opportunity to improve earlier steps, like internal reviews and external audits.

Though arguably innovative, cross-chain communication protocols have been a prime target of hackers as of late. In February, one of the largest decentralized finance hacks occurred when the Wormhole token bridge was drained of over $321 million in digital assets after hackers exploited an infinite minting glitch between its wrapped ETH and ETH pool.

Aurora raises $12M in debut funding to scale Ethereum ecosystem

October 14, 2021 Coin Telegraph

Aurora raises M in debut funding to scale Ethereum ecosystem

Alex Shevchenko

The solution recently joined forces with Etherscan to provide blockchain statistics to its native developers.

Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (dApps) built on the Near protocol, has announced a $12 million debut funding round.

The round included over 100 venture capital investors including Pantera Capital and Electric Capital.

According to an official statement, Aurora will use the funds for expanding cross-chain capabilities beyond its current offering, in addition to hiring specialist developers to support the growth of Ethereum scaling.

The scaling solution seeks to facilitate interoperability between blockchains through its EVM connection and multi-chain bridge, granting developers the accessibility to launch dApps with multi-chain functionality. Aurora has also revealed it is in the development phase of building a price oracle, data indexer, AMM exchange and block explorer, among other features.

The EVM is a blockchain-based computer engine at the core of Ethereum's operating system, responsible for transaction execution, smart contract deployment and other operating functionalities, in addition to enabling developers to build dApps on its blockchain.

It was recently announced that blockchain data explorer Etherscan has partnered with Aurora to integrate their Ethereum-exclusive service to participants of the Near protocol. Alex Shevchenko, CEO of Aurora, said:

“Our goal at Aurora has been to create a future where the obvious gaps between blockchains, developers and users are seamlessly bridged. The success of this funding reinforces Aurora’s appeal among our community and our objective to bring scaling solutions across the crypto ecosystem.”

In July this year, it was announced that Crypto.com deployed its proof-of-authority EVM testnet enabling developers and builders to transfer their Ethereum-built projects cross-chain to other ecosystems compatible with the EVM.

Darknet Update: Hydra Reigns, Monero Acceptance Climbs, Russian State Collusion Questioned

July 11, 2021 Bitcoin.com

Aurora

Share this video