Long Bridge Incident Involves Fabricated Withdrawals
Long Bridge experienced a security incident where funds were released due to fabricated events. The issue was resolved the same day without user losses.
Long Bridge's custodial bridge released 46.7928 WETH, valued at approximately $118,000, after a third-party RPC fed the keeper fabricated Arc withdrawal events. Importantly, no on-chain contract or key was breached during this incident. The team acted quickly to halt the keeper responsible for the unauthorized withdrawals.
In response to the incident, the Long Bridge team rebuilt their verification processes and refilled the vault the same day using platform revenue. This swift action ensured that users did not lose any funds as a result of the incident. The situation highlights the importance of robust verification mechanisms in preventing unauthorized access to funds.