Blockaid withdraws BTTC bridge exploit alert after shutdown operation confirmed
The post Blockaid withdraws BTTC bridge exploit alert after shutdown operation confirmed appeared on BitcoinEthereumNews.com. Blockchain security firm Blockaid withdrew an earlier exploit alert involving the BitTorrent Chain [BTTC] Bridge. This came after determining that a $13.3 million asset drain was part of an authorized internal operation linked to the project’s planned bridge shutdown. The incident unfolded within minutes on Tuesday after Blockaid’s monitoring system flagged suspicious on-chain activity that resembled a bridge compromise. Justin Sun later said the transactions were part of the completion of the BTTC Bridge Sunset Program, prompting Blockaid to revise its assessment. Bridge activity initially resembled an exploit Blockaid initially warned of a potential exploit on the BTTC Bridge after detecting approximately $13.3 million in assets. The assets included about 7,285 ETH and multiple ERC-20 tokens, leaving the bridge’s Ethereum predicate contracts. According to the