QANplatform Bridge Drained for $1M
- Bridge
- Security
On October 11 2022 hackers drained roughly $1 million from the QANplatform Ethereum cross-chain bridge via two bulk withdrawals totaling 1.46 billion QANX tokens. The transactions occurred between 08:17 and 09:40 UTC. The token price immediately slumped 94 percent after the exploit.
Incident Details
- Type
- BRIDGE HACK
- Funds Lost
- $1M
- Status
- Total loss
Token price collapsed and bridge paused