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Cross-Chain Bridge Hacks

Innovation in Crypto Moves Faster Than Governments, Needs Self-Regulation, Says Serial Innovator

Innovation in Crypto Moves Faster Than Governments, Needs Self-Regulation, Says Serial InnovatorAlthough 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 significant security risks. Keeping the Innovation Flywheel Spinning […]

Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

Online Gaming Veteran: Top Tech, Strong Marketing Key to Web3 Growth and Adoption

Online Gaming Veteran: Top Tech, Strong Marketing Key to Web3 Growth and AdoptionWhile 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 an increasingly critical role in blockchain interoperability, their control by a small number of validators poses […]

Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist

Cross-Chain Bridge Nomad Loses 0 Million Making It 2022’s Third-Largest Crypto HeistOn 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 Bridge Exploited for $190 Million Cross-chain bridges in […]

Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion