Celer Network
Fraud on May 24, 2023 · Contract Vulnerability
What happened
Cross-chain interoperability protocol Celer Network reported Wednesday that it has patched a code vulnerability first discovered by Jump Crypto, The Block reported. In a blog post published by Celer and Jump Crypto, a vulnerability in the State Guardian Network (SGN), Celer's proof-of-stake (PoS) blockchain, was disclosed. If implemented, the vulnerability could allow a malicious validator to submit a large number of fraudulent "votes", resulting in a change in the state of the network. Celer emphasized that the breach did not result in any financial loss. The vulnerability was not publicly accessible and no funds were directly at risk when it was discovered. Celer said it would propose a bug bounty for Jump Crypto as a result of the discovery.
Details
- Date
- May 24, 2023
- Kind
- Fraud
- Method
- Contract Vulnerability
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- Bridge
- Chains
- not stated
Reported by
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SwanBluechip, "Celer Network fraud, May 24, 2023: undisclosed lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htd1496eecc1/ (data as of 2026-10-31).