Addressing the Glitch Bridge issue for the nth time inspite of clear communications from the team followed by the Glitch CTO.
29 Aug 2022, 10:29
Addressing the Glitch Bridge issue for the nth time inspite of clear communications from the team followed by the Glitch CTO.
The bridge was shut upon realising the exploit and our internal team was immediately put on a task to identify the attack vector, fix it, investigate the issue and make the necessary measures to make it much more secure than ever before.
The bridge has been fixed. We're stress-testing internally to ensure the security before we re-release. In addition to that, we have also built a tool to get to the total extent of the issue since there are many transactions involved which is why we need an algorithmic approach. After we have conclusive finidngs of the exploit, we will release a follow up statement accordingly.
I have heard some absolutely ridiculous suspicions taking rounds that the bridge exploit was orchestrated internally by the team for expenses. These clout chasers will say anything to try and stay relevant. Couldn't these individuals get any more educated than this and at least think why would the team itself destroy it's own total supply to for expenses? If funds are ever needed for project needs we have token allocations specifially just to do that. Why the fuck would we exploit our own bridge, ruin the total supply, all of which will cost much more to fix.
Official bridge statement will be made in due course with the correlating evidence that we have found related to the breach.