Bridge


Marchés

Volt Inu Community Passes Vote for $75M Token Burn, Plans Polygon Network Expansion

Some 12 trillion VOLT were staked in favor of the token burn proposal.

(Christopher Burns, Unsplash)

Finance

Synapse Token Surges 44% as Cross-Chain Momentum Builds

The token has outperformed the broader DeFi sector since the turn of the year as investors flock to its cross-chain bridge.

Elliptic says RenBridge was used to launder $540 million in illicit funds. (Charlie Green/Unsplash)

Technologies

Wormhole Wins Vote to Be Uniswap’s Designated Bridge to BNB Chain

Uniswap aims to deploy its version 3 decentralized exchange on BNB Chain before its business source license expires on April 1. LayerZero, a target of recent criticism for under-publicized security risks, finished second in the voting.

Wormhole concept (Getty)

Technologies

Bridge Platform LayerZero Denies Allegations It Kept ‘Backdoor’ Secret

The allegations from the head of Nomad, a LayerZero competitor, come just before Uniswap votes on whether to partner with LayerZero.

LayerZero CEO Bryan Pellegrino at Crypto Bahamas 2022 (Danny Nelson/CoinDesk)

Finance

Swapping More Than $157M of ETH for stETH and Levering Up, the Wormhole Network Exploiter Is a DeFi Degen

The address that hacked one of the most popular cross-blockchain bridges Wormhole started moving capital in the DeFi ecosystem.

Cypher Protocol suffers exploit (Clint Patterson/Unsplash)

Marchés

First Mover Asia: Why Bridges Are So Vulnerable to Exploit; Bitcoin Falls Under $19K

One crypto developer says that centralization and reliance on private key holders are to blame, not the inherent technology and logic behind the bridges themselves.

Bridge have recently been vulnerable to exploits. (Unsplash, modified by CoinDesk)

Analyses

Blockchain Bridges Keep Getting Attacked. Here's How to Prevent It

Crypto bridges are soft targets providing some of crypto's largest exploits this year.

(Getty Images)

Finance

Blockchain Startup Hyperlane Raises $18.5M Round Led by Crypto Investor Variant

The platform helps developers connect applications across blockchains.

(Unsplash)

Technologies

Hackers Lose 5 Ether While Trying to Attack Near Protocol’s Rainbow Bridge

Automated security processes caused the attackers to lose money while trying to submit a fabricated transaction on the Rainbow bridge.

Attackers trying to exploit Near Protocol’s Rainbow bridge lost some 5 ether after automated security processes kicked in. (Unsplash, modified by CoinDesk)

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