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3232Innovation in Crypto Moves Faster Than Governments, Needs Self-Regulation, Says Serial Innovator
https://www.digit.info/innovation-in-crypto-moves-faster-than-governments-needs-self-regulation-says-serial-innovator/
Sun, 18 Aug 2024 10:46:05 +0000https://www.digit.info/innovation-in-crypto-moves-faster-than-governments-needs-self-regulation-says-serial-innovator/Read more]]>Although the blockchain industry owes much of its success to so-called bridges, these are far from perfect solutions, argues Justin Wang, the founder and CEO of Zeus Network. While they help address the problem of liquidity segmentation that afflicts the Web3 industry, Wang insists that they pose significant security risks. Keeping the Innovation Flywheel Spinning […]
]]>Online Gaming Veteran: Top Tech, Strong Marketing Key to Web3 Growth and Adoption
https://www.digit.info/online-gaming-veteran-top-tech-strong-marketing-key-to-web3-growth-and-adoption/
Sat, 10 Aug 2024 11:20:58 +0000https://www.digit.info/online-gaming-veteran-top-tech-strong-marketing-key-to-web3-growth-and-adoption/Read more]]>While the biggest blockchain bridge hacks have centered on private key mismanagement, according to Joshua Tobkin, CEO of Supra, smart contract errors and cryptography implementation issues also contribute to cybercriminals’ success. Tobkin said while bridges are poised to play an increasingly critical role in blockchain interoperability, their control by a small number of validators poses […]
]]>Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist
https://www.digit.info/cross-chain-bridge-nomad-loses-190-million-making-it-2022s-third-largest-crypto-heist/
Tue, 02 Aug 2022 18:00:01 +0000https://www.digit.info/2022/08/02/cross-chain-bridge-nomad-loses-190-million-making-it-2022s-third-largest-crypto-heist/Read more]]>On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time. Nomad Cross-Chain Bridge Exploited for $190 Million Cross-chain bridges in […]
Although the blockchain industry owes much of its success to so-called bridges, these are far from perfect solutions, argues Justin Wang, the founder and CEO of Zeus Network. While they help address the problem of liquidity segmentation that afflicts the Web3 industry, Wang insists that they pose significant security risks. Keeping the Innovation Flywheel Spinning […]
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While the biggest blockchain bridge hacks have centered on private key mismanagement, according to Joshua Tobkin, CEO of Supra, smart contract errors and cryptography implementation issues also contribute to cybercriminals’ success. Tobkin said while bridges are poised to play an increasingly critical role in blockchain interoperability, their control by a small number of validators poses […]
]]>
On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time. Nomad Cross-Chain Bridge Exploited for $190 Million Cross-chain bridges in […]