CROSS CHAIN BRIDGES
Map Protocol (MAPO) Crashes 96% After Quadrillion Token Exploit
Map Protocol (MAPO) suffered a 96% price collapse after an attacker minted a quadrillion tokens through its cross-chain bridge, exposing systemic risks.
Verus Ethereum Bridge Exploited for $11.58M in Crypto Theft
Attack on Verus Ethereum bridge drains $11.58M. Exploit highlights cross-chain vulnerability risks in crypto. ETH, USDC, tBTC affected.
Sei WETH Holders Face Deadline as IBC Transfers Set to Shut Down
Approximately $133K in Wormhole-bridged WETH on Sei must be moved before governance vote disables IBC transfers as part of EVM-only transition.
Exploring Cross-Chain Bridges: Enhancing Blockchain Interoperability
Cross-chain bridges facilitate secure data and asset sharing between blockchains, enhancing interoperability, DeFi opportunities, and user flexibility within the blockchain ecosystem.
Cross-Chain Crime Hits $7B: North Korean Ties Unveiled
The recent revelation by Elliptic highlights a troubling surge in cross-chain crime, now amounting to $7 billion, with North Korean affiliated Lazarus Group playing a significant role. These findings from the 2023 edition of 'The State of Cross-chain Crime' report, outstrip previous forecasts, underscoring an urgent call for bolstered security measures and refined blockchain analytics to confront the escalating menace.