Tag: Bridges
Criminals more reliant on cross-chain bridges than ever after mixer crackdowns
Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm [...]
Multichain Team Confirms Exploit Across Fantom, Moonriver and Dogechain Bridges
Fantom (FTM) dropped 9.9% even as developers addressed concerns among community members. “For the avoidance of doubt, FTM was never issued or managed [...]
Multichain Bridges Experience Unannounced Outflows of Over $130M in Crypto
With information hard to come by, some crypto projects began informing their communities Thursday that they were unaffected by the "potential exploit" [...]
What is the ZK industry up to? Rollups, multichain bridges and VCs
Zero-knowledge proofs (ZK-proofs) are a key technology explored by many in the crypto industry. A zero-knowledge protocol is a cryptographic method th [...]
‘Storage Proofs’ Touted as Alternative to Hack-Prone Bridges in Multichain World
Storage proofs, a feature that could minimize cross-chain exploits by allowing users to keep their assets on one chain and prove that it's there on a [...]
Token bridges were a favored target for thieves in 2022
According to the global payment provider Visa, 2022 became a record-breaking year for cryptocurrency thefts, with over $3 billion stolen in on-chain t [...]
Crypto Payments Specialist Stellar Bridges Fiat and Stablecoins to Polkadot
There will also be an array of regional currency stablecoins available, said Tomer Weller, VP Product at Stellar Development Foundation. This includes [...]
Uniswap DAO debate shows devs still struggle to secure cross-chain bridges
Over $2.5 billion was stolen in cross-chain crypto bridge hacks from 2021 to 2022, according to a report by Token Terminal. But, despite several attem [...]
How trustless bridges can help protect users
Blockchain bridges allow decentralized finance (DeFi) users to use the same tokens across multiple blockchains. For example, a trader can use USD Coin [...]
Uniswap’s BNB deployment should use multiple bridges, claims LIFI CEO
As Uniswap DAO’s vote to deploy to BNB chain continues, LIFI CEO Phillip Zentner argued in a February 6 forum post that the current proposal is flawed [...]
Building bridges in the Metaverse, elaborate Apes scam and more
South Korea’s Gyeongbuk Province has announced plans to use Web3 technology to expand its economic relations with Vietnam.In a Dec. 19 announcement, t [...]
First Mover Asia: Why Bridges Are So Vulnerable to Exploit; Bitcoin Falls Under $19K
One crypto developer says that centralization and reliance on private key holders are to blame, not the inherent technology and logic behind the bridg [...]
Blockchain Bridges Keep Getting Attacked. Here’s How to Prevent It
As these examples suggest, focusing on the shortcomings of bridges while failing to address ground-level security measures is not the way forward. Bri [...]
‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs: Elliptic
New research from blockchain analytics and crypto compliance firm Elliptic has revealed the extent to which cross-chain bridges and decentralized exch [...]
NFT space bridges passions for tennis legend Maria Sharapova
Tennis legend Maria Sharapova appeared at the Binance Blockchain Week Paris 2022 to share her interest in nonfungible tokens (NFTs).During an exclusiv [...]