Bridge


Finance

Orbit Chain Loses $81M in Cross-Chain Bridge Exploit

The hacked funds remain "unmoved" according to Orbit Chain.

Bridge (Charlie Green/Unsplash)

Markets

The Death of Compromise, and a Way Forward for Crypto

Lessons for TradFi and DeFi from some toppled LEGO.

(Amélie Mourichon/Unsplash)

Tech

Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability

The fundraise comes as "cross-chain" protocols from the companies including LayerZero and Chainlink have attracted investors, despite the bear market – assuming a future where blockchains are seamlessly interconnected.

Socket co-founders, Rishabh Khurana and Vaibhav Chellani (Socket)

Finance

DeFi Protocol Synapse Responds to Selling Pressure With 17% Bounce

Synapse's SYN token recovered its losses after 9 million were sold by a liquidity provider identified as Nima Capital by the protocol.

SYNUSD price chart (TradingView)

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Finance

Connext Airdrop Marred by $38K Sybil Bot Attack

As many as 57,000 unique wallets registered for the airdrop.

Prime Protocol to eliminate need for cross-chain bridges (Charlie Green/Unsplash)

Finance

Crypto Lender Exactly Hit by $12M Bridge Exploit

The protocol becomes the latest in a long line of firms to be struck by a hack involving a cross-chain bridge.

Prime Protocol to eliminate need for cross-chain bridges (Charlie Green/Unsplash)

Tech

Shibarium Blockchain's Ethereum Bridge Goes Live for Testing as SHIB Tries to Shed Meme Coin Tag

The Shiba Inu-based layer 2 blockchain is expected to start operations next month.

A Shiba Inu, the breed which inspired Dogecoin. (Payless)

Finance

Bridge Protocol LayerZero Passes 50M Cross-Chain Messages

The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps.

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

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Tech

Wormhole Launches New Blockchain Connecting to Any Cosmos Appchain

The Wormhole Gateway is designed to make it easier for developers and users to on-ramp liquidity into the Cosmos ecosystem.

(Getty Images)

Tech

Avail, Spun Out of Polygon, Launches Data Attestation Bridge to Ethereum

The new tech, on testnet, represents a step forward in Avail's plan to help secondary networks in the Ethereum ecosystem to speed up their processing – by giving them an alternate way to store the data, and verify its existence and availability, besides storing it on the main blockchain.

Bridge (Alex Azabache/Unsplash)

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