Thinking that the team would not be able to react, the attacker timed the attack on a weekend day.
According to Shevchenko, the hacker has presented a falsified NEAR block to the Rainbow Bridge contract and submitted the required 5 ETH safe deposit. Thinking that the team would be slow to react during the weekend, the attacker timed the exploit attempt on a Saturday.
Despite the hacker's plan, the CEO highlighted that there were automated watchdogs in place that fought off the malicious transaction. Within 31 seconds, the attempt was suppressed, leading to the hacker losing their safety deposit. Because of the increasing exploit attempts, the CEO noted that their team is considering increasing the amount required for safe deposits. However, the idea was dumped to keep the team wants to stay committed to decentralization as possible.the hacker to try doing good for the community by working on bug bounties instead of stealing users' money and having trouble trying to launder the stolen assets.
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