Data leak [loss] $707,000

Tweet by QANplatform

2022-05-18 [vendor] QAN bridge
Primary Source ↗
Financial Loss $707,000 (707,000 USD)

Incident Details

The $QANX token for the QAN project suddenly plummeted in value as an attacker stole more than 4 million QANX from the project. The attacker subsequently swapped the tokens for around 370 ETH ($707,000). In a video posted to Twitter, the project CEO stated that it was “definitely a bridge issue”, and that they’d shut down the project’s bridge. They also said they had contacted exchanges to freeze the wallets that had been involved in the “issue”.QAN describes itself as a blockchain that helps “resist quantum attacks”, though apparently not the types of bridge attacks that have become fairly common in the past year or so.

Total loss estimated at $707,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
QAN bridge

Timeline

  1. 2022-05-18 Breach occurred
  2. 2022-05-18 Publicly disclosed