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Tag: bridge hacks

Chainlink Transporter to Bridge Assets Across Ethereum, Optimism, Base and More – Decrypt

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‘Your Keys and Wallets Are Safe’, Says Telegram Bot Unibot Amid $640k Exploit – Decrypt

The latest victim in the ever-growing list of crypto hacks is Unibot, a popular trading tool on Telegram.Today, alarm bells rang after the project...

Ethereum Developers Propose Token Standard To Protect Issuers From Bridge Hacks

Ethereum developers are proposing a new token standard to protect token issuers against cross-chain bridge exploits.On July 7, Arjun Bhuptani, the founder of Connext,...

Here’s what happened in crypto today

The first hours of July 3 have already seen a crypto project losing multi-million dollars in a hack without any visible impact on the...

Why Multi-Party Computation (MPC) is Critical for Web3 Security?

Read Time: 6 minutes Web3 being one of the latest technology advancements to take the internet by storm, Web3 is very vibrant in terms...

Part 2: Bridging the Blockchain: Creating a Secure Blockchain Bridge

Read Time: 5 minutes Explore what part of the bridge needs security and how to implement that. 2022 was the year of bridge hacks, with...

The Metaverse Has a Security Problem

In 2023 we stand at the cusp of the next epoch of the internet. The rise of blockchain technology and smart contracts have changed...

How can we make DeFi bridges safer? Minimize the trust

Ad Blockchain bridges, also known as cross-chain bridges, are designed to connect different blockchain networks and enable the transfer of assets between them. However,...

A Volatility Slumber

The digital asset market has opened the new year...by staying asleep. Since our final newsletter edition on 12-December (WoC 50, 2022), the markets are...

Israel’s cybersecurity startup CyVers secures $8M Seed funding to make Web3 and crypto exchanges safer

The wild news coming out of the crypto market triggered by the collapse of the now-bankrupt crypto exchange FTX has had a negative impact...

Summary of Cross-chain Bridge Attacks 2022

Read Time: 6 minutes As newer blockchains continue to launch, cross-chain bridges are becoming more indispensable than ever to enhance the interoperability between blockchain ecosystems.  Having said that, the new innovation also lays the surface for a large number of attack vectors. According to Chainalysis, Cross-chain bridge hacks alone make up to 69% of stolen funds in 2022.  There …

Summary of Cross-chain Bridge Attacks 2022 Read More »

The post Summary of Cross-chain Bridge Attacks 2022 appeared first on Blog.quillhash.

How Decentralized Oracles And Smart Contracts Will Shape Web 3.0

Photo by Mourizal Zativa on Unsplash The DeFi market cap is approximately $64 billion, according to CoinMarketCap, a leading crypto data aggregator. The introduction of...

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