Decentralized Finance, commonly just referred to as DeFi, can be a confusing field for beginners trying to figure out how it relates to financial companies, fintech, blockchain technology, …
Continue Reading about 30+ DeFi statistics 2022: how it is weathering the crypto storm
Nomad Bridge is set to relaunch and partially compensate the users affected by the $190 million exploit earlier in 2022, according to an announcement on Medium. Users can go through the KYC …
Continue Reading about Nomad Bridge to Relaunch and Provide “Partial” Refunds via NFTs
Binance is on the verge of uncovering the hacker(s) behind the $570 million exploit on its cross-chain bridge, BSC Token Hub, earlier this month. In a recent interview with CNBC’s ‘Squawk Box Europe,’ …
Continue Reading about Binance Reveals Getting Closer to Identify Hacker that Drained $570M
A cross-chain bridge between BitBTC and the Ethereum layer-2 network Optimism has been able to avoid a potentially costly exploit thanks to the work of an eagle-eyed Twitter user. The custom …
Continue Reading about Twitter user saves cross-chain bridge from potential exploit
Last week’s BNB Chain attack led Cosmos developers to inspect their IBC code. They found a critical security vulnerability that endangered every IBC-enabled blockchain. It appears the entire Cosmos …
Continue Reading about Cosmos’ $8B Ecosystem Endangered by Critical Vulnerability
The fortress of security surrounding cryptocurrencies is under attack, as crypto hackers continue to compromise firms and make away with large amounts of cash. Binance, the world’s largest …
Continue Reading about Binance’s $570m major crypto hack “will lengthen crypto-winter,” says expert
By 2030, Web3 is expected to reach a market size of $81.5 billion, according to Emergen Research, but the industry still has challenges to overcome, including security and interoperability, said …
Continue Reading about Security and interoperability, the challenges ahead of Web3 mass adoption
As of August 2022, there’s been $2 billion total in crypto losses, with 69% of stolen crypto funds originating from hacking protocols that bridge different blockchains. The cross-chain token bridge …
Continue Reading about Cross-chain Bridging is Broken – But We Know How to Fix It
Interoperability protocol Celer Network has asked its users to revoke the approval for several contracts after shutting down its cBridge over a suspected Domain Name System (DNS) hijacking. According …
Continue Reading about Celer Network shuts down bridge over potential DNS hijacking
If 2018 was the Year of the Hack for centralized crypto exchanges, decentralized blockchain bridges seem destined to win that honor this year. Over $1.9 billion was stolen in cross-chain hacks in the …
Continue Reading about Hack-Prone Blockchain Bridges Expose DeFi’s Achilles Heel
