Jump Crypto: Celer cBridge Had a Vulnerability that Threatened $130 Million Capital

Jump Crypto found a critical vulnerability in Celer's State Guardian Network, a blockchain designed to facilitate cross-chain communication. The vulnerability could have potentially allowed a malicious validator to fully compromise the State Guardian Network and dependent applications, such as the widely-used Celer cBridge with TVL over $130 million.

The security flaw was privately reported to the Celer team, who promptly addressed the issue. Fortunately, no malicious exploitation took place.

The issue's discovery and swift resolution underscore the need for diligent monitoring and transparent collaboration within the blockchain industry to ensure the robustness and security of its services and applications.