Blockchain analytics firm Chainalysis says cross-chain bridges that allow transfer of assets between independent blockchains are among the highest risk protocols in the blockchain industry for scams and bad actors. Chainalysis in a new report estimates that US$2 billion worth of cryptocurrency has been stolen from cross-chain bridges across 13 attacks so far this year, […]
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Nomad loses US$200 million after over 300 suspected of participating in the hack. Meanwhile, Michael Saylor moves from CEO to Chairman of Microstrategy.
Harmony’s Horizon cross-chain bridge is now the third of its kind to suffer a major hack this year. What are the alternatives that may be more secure?
Solana’s $325M Wormhole breach and Axie Infinity’s $600M Ronin hack laid bare the security risks of cross-chain bridges. What are the solutions?
In the short history of DeFi, bridge hacks have accounted for an enormous amount of stolen funds, writes Joshua Tobkin. What can stop these attacks?