Tag: Bridge

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$11.58M Drained in Ongoing Exploit on Verus-Ethereum Bridge

An active exploit on the Verus-Ethereum Bridge has resulted in $11.58 million in losses, according to security firm Blockaid.An ongoing exploit on the Verus-Ethereum...

Verus Ethereum Bridge Reportedly Exploited for $11.58 Million

Verus Protocol’s Ethereum bridge was reportedly exploited on Monday through a fake cross-chain transfer message that allowed a hacker to fraudulently transfer out at...

Yet another crypto bridge falls victim to an $11 million hack

The latest attack adds to growing string of cross-chain infrastructure exploits.

Lombard joins LayerZero exodus as $4 billion in assets switch to Chainlink's bridge

The shift comes after the Kelp DAO exploit drained $292 million from its LayerZero-powered bridge, increasing concerns over the security of cross-chain infrastructure.

Dominance of Tether and Circle is a net bad for stablecoins, says Bridge executive

Miami Beach — The stablecoin universe, dominated by Tether and Circle, hampers competition that could lead to better product-market fit for some important use...

Kelp DAO Accuses LayerZero of Deflecting Blame for $300M Bridge Hack

The liquid restaking protocol argues that the 1-of-1 verifier setup at the center of the April 18 exploit was LayerZero's own documented default.Kelp DAO...

Kraken eyes IPO as it partners with MoneyGram to bridge crypto-to-cash gap

Miami Beach, FL — Arjun Sethi, co-CEO of Payward and Kraken, said the crypto exchange is “about 80% ready” to go public, underscoring the...

Aave Partially Unfreezes WETH After Kelp Bridge Exploit

After attackers deposited rsETH from an exploited Kelp bridge and borrowed Wrapped ETH, Aave had frozen WETH across multiple markets.Aave announced earlier today, April...

Aave could face up to $230m in losses after Kelp DAO bridge exploit triggers DeFi chaos

The Kelp DAO and LayerZero bridge exploit that occurred over the weekend has left lending protocol Aave facing potential losses of up to $230...

Kelp DAO Loses $293M in Bridge Exploit, Leaving Aave With Over $200M in Bad Debt

Attacker minted unbacked rsETH through Kelp's LayerZero bridge, then borrowed WETH on Aave V3 and V4 before markets could freeze.In 46 minutes on Saturday...

Comarch and Sway Outcomes Partner to Bridge the Loyalty Strategy and Tech Execution Gap

Comarch, one of Europe’s largest technology providers, and Sway Outcomes, a loyalty and customer engagement consultancy, have entered into a strategic partnership. The collaboration...

Satochip Announces Bridge Financing As It Prepares U.S. Push For Open-Source Hardware Wallets

Satochip SRL, a Belgium-based company specializing in secure hardware solutions for digital asset self-custody, today announced that it has secured part of...