Danger averted for Polkadot, the flagship project of the Web3 Foundation, co-founded by Gavin Wood, one of the original co-founders of Ethereum and former CTO of the Ethereum Foundation.
Immunefi researcher known as Pwning.eth, reportedly recently helped three Polkadot parachains to avoid a potential attack. Indeed, he discovered a critical vulnerability on the networks in time, for which those responsible did not hesitate to reward him.
The news was confirmed by The Block in a tweet dated January 6, which reads:
“Immunefi researcher saves $200 million from potential theft on three Polkadot parachains“
Specifically, the three Ethereum-compatible parachains on Polkadot that were about to get hacked are: Moonbeam, Astar Network, and Acala. The researcher found and reported the critical vulnerability in June in software called Frontier that is being used to “bundle” native tokens on the three parachain projects on the Polkadot network.