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Innovation in Crypto Moves Faster Than Governments, Needs Self-Regulation, Says Serial Innovator
18.8.2024
Although the blockchain industry owes much of its success to so-called bridges, these are far from perfect solutions, argues Justin Wang, the founder and CEO of Zeus Network. While they help address the problem of liquidity segmentation that afflicts the Web3 industry, Wang insists that they pose...
Online Gaming Veteran: Top Tech, Strong Marketing Key to Web3 Growth and Adoption
10.8.2024
While the biggest blockchain bridge hacks have centered on private key mismanagement, according to Joshua Tobkin, CEO of Supra, smart contract errors and cryptography implementation issues also contribute to cybercriminals’ success. Tobkin said while bridges are poised to play...
Orbit Chain Loses $81M in Cross-Chain Bridge Exploit
2.1.2024
Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform's cross-chain bridge
LiFi launches multi-bridge governance solution after Uniswap debate
18.8.2023
The new bridge aggregator allows cross-chain DAOs to only accept votes confirmed by more than one bridge
Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses
24.7.2023
The two protocols will implement a standard for issuers to control the "canonical" minting of tokens, helping to reduce losses from unofficial bridges
Report: Half of all DeFi exploits are cross-bridge hacks
19.10.2022
Over $2.5 billion have been stolen from cross-chain bridges in the past two years
Binance-Backed Blockchain Completes Hard Fork to Mitigate Future Cross-Chain Bridge Hacks
12.10.2022
The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals...
Chainalysis Estimates $2B Stolen From Cross-Chain Bridge Hacks This Year
4.8.2022
This week, hackers used a vulnerability on the Nomad bridge to steal $190 million worth of crypto
Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist
2.8.2022
On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time. Nomad Cross-Chain...