Reactor's Cross-Chain Investigations Tool Unravels BadgerDAO Attack
A new feature on Reactor, Cross-Chain Investigations, has made waves in the cryptocurrency world. This tool simplifies navigating complex blockchain ecosystems and interoperable smart contracts, as demonstrated by its role in tracing the 2021 BadgerDAO attack. The feature allows users to track cryptocurrencies across multiple blockchains, illuminating clusters of addresses that have held a selected cryptocurrency.
In the BadgerDAO attack, an unidentified assailant exploited vulnerabilities in several DeFi protocols, making off with $120 million worth of 19 different tokens. The attacker initially funded the operation with personal ether and conducted test token swaps prior to the main event. They then used multiple DeFi protocols for further swaps, converting stolen assets into Bitcoin and Ether via the Badger Bridge.
Cross-Chain Investigations played a crucial role in unraveling this intricate web of transactions. The feature highlighted clusters of addresses that held or had held the stolen cryptocurrencies, allowing investigators to trace the attacker's movements across different blockchains. As of now, all stolen funds, totaling 2,101 bitcoin and 150.9 Ether, remain in the 'stolen funds' cluster.
The successful use of Cross-Chain Investigations in the BadgerDAO case underscores its potential in combating cryptocurrency crime. By simplifying cross-chain tracking, the feature empowers users to navigate the complex landscape of alternative blockchains and interoperable smart contracts, ultimately aiding in the recovery of stolen funds and the apprehension of cybercriminals.
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