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Bridge

Wormhole (Getty Images)
Tech
Uniswap
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 und...
Wormhole (Getty Images)
By Sam Kessler
Jan 31, 2023 at 7:05 p.m. UTC
Jan 31, 2023
UniswapBnb chainVoteDAOBridge
LayerZero CEO Bryan Pellegrino at Crypto Bahamas 2022 (Danny Nelson/CoinDesk)
Tech
Bridge
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)
By Sam Kessler
Jan 30, 2023 at 8:34 p.m. UTC
Jan 30, 2023
BridgeUniswapNomadDeFi
(Clint Patterson/Unsplash)
Finance
Defi
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.
(Clint Patterson/Unsplash)
By Sage D. Young
Jan 24, 2023 at 8:57 a.m. UTC
Jan 24, 2023
DeFiLeverageLeveraged TradingHackerHackBridge
Markets Daily Podcast Cover
Podcasts
Podcasts
Crypto Update | Blockchain Bridges Keep Getting Attacked. Here's How to Prevent It
With both bitcoin and ether trading in a tight range over the past week amid swirling macroeconomic conditions, plus a look at how to hack a blockchain bridge, CoinDesk’s “Mar...
Markets Daily Podcast Cover
By Adam B. LevineAdrian Blust
Oct 21, 2022 at 5:51 p.m. UTC
Oct 21, 2022
PodcastsMarkets DailyBlockchainBridgeHacksTheftExploits
Bridge have recently been vulnerable to exploits. (Unsplash, modified by CoinDesk)
Markets
First mover
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)
By Shaurya MalwaJames Rubin
Oct 20, 2022 at 1:02 a.m. UTC
Oct 20, 2022
First MoverAsia PacificBitcoinEtherAltcoinsBridgeExploits
(Getty Images)
Layer 2
Bridge
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)
By Coby Moran
Oct 14, 2022 at 8:43 p.m. UTC
Oct 14, 2022
BridgeOpinionExploitsHackWormholeWeb3
(Unsplash)
Finance
Funding
Blockchain Startup Hyperlane Raises $18.5M Round Led by Crypto Investor Variant
The platform helps developers connect applications across blockchains.
(Unsplash)
By Brandy Betz
Sep 22, 2022 at 1:00 p.m. UTC
Sep 22, 2022
FundingVenture CapitalBridge
Attackers trying to exploit Near Protocol’s Rainbow bridge lost some 5 ether after automated security processes kicked in. (Unsplash, modified by CoinDesk)
Technology
Defi
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)
By Shaurya Malwa
Aug 23, 2022 at 12:08 p.m. UTC
Aug 23, 2022
DeFiNearCrimeBridge
A researcher at security firm SlowMist said the attackers behind the Ronin bridge exploit converted part of their stolen funds from ether to bitcoin. (Utagawa Kunisada and Sadahide/Creative Commons, modified by CoinDesk)
Technology
Ronin
Ronin Hackers Converted Some Stolen Ether to Bitcoin: SlowMist Researcher
The exploiters converted their ill-gotten gains initially to ether and then to bitcoin before using sanctioned mixers to mask their identities.
A researcher at security firm SlowMist said the attackers behind the Ronin bridge exploit converted part of their stolen funds from ether to bitcoin. (Utagawa Kunisada and Sadahide/Creative Commons, modified by CoinDesk)
By Shaurya Malwa
Aug 22, 2022 at 10:00 a.m. UTC
Aug 22, 2022
RoninHackEtherBridge
Dogechain is the current fascination for retail traders on Crypto Twitter. (Jaycee Xie/UnSplash)
Finance
Dogecoin
Dogecoin Jumps as Dogechain Gains Traction Among Retail Crypto Traders
The Polygon Edge-based Dogechain locks nearly $5 million in liquidity and is gaining prominence among retail crypto traders.
Dogechain is the current fascination for retail traders on Crypto Twitter. (Jaycee Xie/UnSplash)
By Shaurya Malwa
Aug 17, 2022 at 8:08 a.m. UTC
Aug 17, 2022
DogecoinDeFiBridge