greater than $2.5 billion Stolen A cross-chain crypto bridge hack occurred in 2021-2022, in keeping with a Token Terminal report.Nonetheless, regardless of a number of makes an attempt by the developer to enhance the bridge’s safety, his DAO discussion board dialogue from December 2022 to January 2023 positioned It exposes the safety weaknesses that live on in blockchain bridges.
Traditionally, bridges resembling Ronin and Horizon have used multisig wallets to make sure that solely bridge validators can approve withdrawals. For instance, Ronin required 5 out of 9 signatures to retract, whereas Horizon required 2 out of 5 signatures. Nonetheless, attackers have discovered methods to bypass these methods, withdrawing thousands and thousands of {dollars} value of cryptocurrencies and leaving customers of those bridges with unbacked tokens.
layer zero
Serer
wormhole
de-bridge
LayerZero is alleged to empower app builders
Celer raises issues about safety mannequin
Do not reduce wormholes
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