what happened to crypto br8dge

Last Updated on February 11, 2023 by Paganoto

Crypto Bridge Nomad Drained of Nearly $200M in Exploit

Crypto Bridge Nomad Drained of Nearly $200M in Exploit

What happened? Bridges typically work by locking up tokens in a smart contract on one chain and then reissuing those tokens in “wrapped” form …

Hackers have stolen $1.4 billion this year using crypto bridges

Hackers have stolen $1.4 billion this year using crypto bridges

A bridge is a piece of software that allows someone to send tokens out of one blockchain network and receive them on a separate chain.

Another crypto bridge attack: Nomad loses $190 million … – CNN

Another crypto bridge attack: Nomad loses $190 million … – CNN

Bridges are the infrastructure that allow users to exchange assets between different blockchains, the digital database underpinning major …

Blockchains Have a 'Bridge' Problem, and Hackers Know It

Blockchains Have a 'Bridge' Problem, and Hackers Know It

Blockchain bridges, also known as network bridges, are applications that allow people to move digital assets from one blockchain to another.

Understanding Crypto Bridges and $1 Billion in Thefts

Understanding Crypto Bridges and $1 Billion in Thefts

What’s a crypto bridge? A platform that allows tokens designed for one blockchain — the digital ledger that records and verifies transactions …

Cross-Chain Bridge Nomad Loses $190 Million Making It …

Cross-Chain Bridge Nomad Loses $190 Million Making It …

The Nomad cross-chain bridge attack was the third-biggest crypto … firm Certik published an incident report describing what happened.

Hackers Steal $100 Million by Exploiting Crypto's Weak Link

Hackers Steal $100 Million by Exploiting Crypto's Weak Link

Crypto Hackers Steal $100 Million in Latest Bridge Heist … In Horizon’s case, “the theft seems to have happened due to a private key …

Nomad crypto bridge loses $200 million in 'chaotic' hack

Nomad crypto bridge loses $200 million in 'chaotic' hack

After a few quiet months, it’s happened again: another blockchain bridge hack with losses in the hundreds of millions of dollars.

Explaining crypto's billion-dollar bridge problem – The Verge

Explaining crypto's billion-dollar bridge problem – The Verge

Cryptocurrency bridges are essential for building the blockchain … do they keep getting hacked, and can we ever stop it from happening?

Crypto Bridge Nomad Exploited for $190M in 'Frenzied Free …

Crypto Bridge Nomad Exploited for $190M in 'Frenzied Free …

The bug in an upgrade to the Nomad protocol allowed anyone with the know-how to nab funds, draining the bridge of roughly $190 million. … Crypto …