Cross chain bridges

The total scam revenue in 2022 currently stands at $1.6 billion, 65% less than it was through the end of July 2021, as a result of falling exchange rates for various cryptocurrencies, a new report has revealed. Scams declined in line with the fall in Bitcoin's (CRYPTO: BTC) price According to...

Binance CEO Changpeng Zhao on Friday said the cryptocurrency exchange has recovered $450,000 worth of funds stolen from decentralized finance (DeFi) protocol Curve Finance. Hackers had stolen about $570,000 last Tuesday. The protocol’s developers said the source of the issue had been...

An estimated $2 billion worth of cryptocurrencies has been stolen from cross-chain bridges across 13 separate hacks so far this year. The attacks on cross-chain bridges account for 69% of total funds stolen, according to a recent report by blockchain data firm Chainalysis, and pose a serious risk...

Layer 1 blockchain protocol Harmony (CRYPTO: ONE) has offered a bounty of $1 million for information about a theft on the Horizon bridge amounting to around $100 million, in which tokens including Wrapped Ethereum (CRYPTO: WETH), Aave (CRYPTO: AAVE), SushiSwap (CRYPTO: SUSHI),...