Ronin Bridge Attack costed $624 million 13 different token bridge breaches have occurred this year Recent one being the $190 million Nomad Bridge flaw Blockchain investigation organization Chainalysis...
Tag: crosschain
$2B in crypto stolen from cross-chain bridges this year: Chainalysis
Cross-chain bridge hacks have accounted for 69% of the total crypto stolen in 2022, amounting to $2 billion in losses, according to a new report. The report comes from blockchain analytics firm Chain...
Chainalysis Estimates $2B Stolen From Cross-Chain Bridge Hacks This Year
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Chainalysis reports $2B lost in cross-chain bridge hacks
Research conducted by blockchain data platform Chainalysis estimated that $2 billion was lost from cross-chain bridge hacks so far in 2022. Chainalysis stated in the report that the issue now “represe...
Nomad cross-chain crypto bridge suffers $190 million exploit
A possible exploit of the Nomad cross-blockchain bridge has resulted in the outflow of millions of dollars worth of crypto. The still-developing situation appears to have begun just after 5:30 EDT. In...
Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist – Bitcoin News
On 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...
Value Locked in Defi Stalls Before Reaching the $100 Billion Mark, Cross-Chain Bridge Statistics Crater – Defi Bitcoin News
During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value lo...
Nomad Cross-Chain Bridge Drained of Nearly $2…
The cross-chain token bridge Nomad suffered an exploit on Monday, August 1, with attackers draining the protocol of nearly all its funds. The total value of cryptocurrencies lost to the attack has tot...
Coinbase-backed cross-chain protocol Nomad hacked in a $150 Million Exploit
On Monday evening, attackers exploited the cross-chain blockchain protocol Nomad, the latest among several bridge exploits this year. Although the exact amount isn’t confirmed, reports suggest that th...
Defi Cross-chain Interoperability Protocol Nomad Raises $22.4m from Crypto Leaders
Defi cross-chain interoperability protocol Nomad has secured a $22.4 million seed round from the crypto industry leader. Crypto investment firm Polychain led the round. Crypto.com Capital, Wintermute,...
Moonbeam and Osmosis Collaborate for Cross-Chain Token Swap – crypto.news
Moonbeam, a Polkadot parachain, partnered with Osmosis, a decentralized exchange built on the Cosmos ecosystem, for seamless cross-chain token swap, using Axelar’s infrastructure. Cross-Chain Swaps P...
How Cross-Chain Bridges Are Impeding Blockchain Adoption » NullTX
Blockchain, the underlying technology behind cryptocurrencies such as Bitcoin and Ethereum, is undoubtedly among this century’s most versatile technological innovations. In short, it’s a decentralized...
Cross-chain DEX Hashflow raises $25M in Series A funding » CryptoNinjas
Hashflow, a cross-chain swap exchange, today announced it has completed its Series A funding round, bringing Hashflow’s valuation to $400 million. This Series A follows April 2021’s $3.2M seed found. ...
Portal, a cross-chain DEX, launches its equity offering on the Republic Platform
Portal, a cross-chain Layer-2 DEX network that is being built on Bitcoin, has announced its Reg D equity offering to be conducted on the Republic platform. The public sale will kick off on July 18th. ...
Plasma.Finance & Ren Protocol V3 Partner for DeFi Cross-Chain Bridging
Plasma.Finance recently announced a partnership with Ren Protocol v3. The collaboration will see the projects offering DeFi cross-chain bridging support for EVM and non-EVM chains. It includes Bitcoin...
A Brief History of Cross-Chain: Explaining Nine Different Cross-Chain Solutions
Cross-chain solutions have been the most talked about topic for the past year. With the rise of public chain infrastructures, there has been massive interest in how different chains talk and communica...
DappRadar Unveils Cross-Chain Staking Platform in Association with LayeZero – crypto.news
The leading global decentralized applications (dApps) store DappRadar has announced an industry-first, cross-chain token staking mechanism that allows users to claim their staking rewards on any block...
DappRadar Successfully Launches Cross-Chain Staking With Minimal Fees
Staking is a crucial way for cryptocurrency holders to generate passive income. The process is straightforward but a bit of a hassle when keeping funds across different networks. DappRadar is the firs...
The Problem With Existing Cross-Chain Bridges
In case you’ve not dealt with DeFi bridges, a blockchain bridge is a third-party virtual infrastructure that connects two sovereign blockchain networks that enables users to swap assets and send crypt...
DappRadar Pioneers Cross-Chain Staking
Kaunas, Lithuania – June 30, 2022 – DappRadar, the world’s dapp store that brings high-quality, accurate insights on decentralized applications, has announced an industry-first cross-chain token staki...
DappRadar launches industry-first cross-chain token staking mechanism
Decentralised app store and insights platform, DappRadar has announced the launch of a cross-chain token staking mechanism focusing on solving barriers associated with staking. DappRadar noted that t...
DappRadar Unveils Industry-First Cross-chain Staking With Low Fees on Any Blockchain
DappRadar provides high-quality and reliable data on decentralized apps and is the world’s largest Dapp store. DappRadar is the first to provide cross-chain staking, allowing users to claim rewards fr...
Router Protocol launches its modular cross-chain bridge: Voyager » CryptoNinjas
Router Protocol, an infrastructure layer enabling communication between blockchains, today announced the launch of Voyager, a cross-chain bridge with enhanced security features and fast transaction sp...
Centrifuge Launches Cross-Chain Connectors to Bridge Real-World Assets to DeFi
Decentralized asset financing protocol Centrifuge has launched a new cross-chain Connectors solution dubbed Centrifuge Connectors to bridge the gap between the real-world asset (RWA) market and decent...
Router Protocol boosts blockchain interoperability with launch of cross-chain bridge Voyager.
Router Protocol, a platform that seeks to enhance seamless and secure communication between blockchains, has announced a new cross-cross bridge set to bring next generation security and performance fe...
Millions Lost After Series of Cross-Chain Bridges Hacked
The ongoing attacks on cross-chain bridges caused significant damage to the crypto community as well as Harmony , which was especially problematic in light of the economic downturn. The Horizon bridge...
Harmony Exploited For $100M After Attackers Target Horizon Cross-chain Bridge
2 hours ago | 2 mins read Altcoin News The attacker carried out 16 malicious transactions ranging in value from 14,190 to 30 ETH. The attacker has not yet attempted to use a privacy protocol like Torn...