Celer Network Halts cBridge Activity: Protecting Crypto Assets After Suspected DNS Exploit

Interoperability protocol Celer Network (CELR) has taken decisive action to protect user funds, halting activity on its cBridge following a suspected DNS exploit. This move aims to safeguard crypto assets and prevent further potential losses after the incident.

Celer Network has reported a possible DNS hijacking of the cBridge, prompting the immediate shutdown of the cBridge user interface. The issue that has caused the cBridge user interface to go offline is being looked into at this time.

Why Celer Network Suspended cBridge Operations

A suspected DNS exploit has forced blockchain interoperability platform, Celer Network, to temporarily shut down activity on part of its multi-chain bridge, cBridge. This precautionary measure was necessary to prevent malicious actors from potentially gaining control and compromising user funds. Celer Network (CELR) has asked its users to revoke the approval for several contracts after shutting down its cBridge.

What Does This Mean for cBridge Users?

Celer Network is urging all cBridge users to revoke approvals for specific contracts as a preventative measure. This action will help minimize the risk of unauthorized access to your crypto assets. Stay tuned for updates and further instructions from the Celer Network team.

Celer Network Investigates the Incident

The Celer Network team is actively investigating the suspected DNS hijacking and working diligently to restore cBridge operations as soon as it is safe to do so. They are committed to providing a secure and reliable platform for cross-chain interoperability.

We will continue to update this page with the latest information on the Celer Network cBridge situation.