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Polkadot launches cross-chain messaging system to solve blockchain’s bridge problem
4.5.2022
Bridges have become one of the largest points of failure in the crypto industry. Polkadot wants to do away with them
Report: Two South Koreans Paid in Bitcoin to Spy for North Korea
4.5.2022
South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total...
Redesigned Axie Infinity's Ronin Bridge Delayed till Late May
28.4.2022
The Ronin bridge is being redesigned after a major hack last month, with the opening of the new bridge delayed till late May. The delay is necessary since the bridge will be built to secure “billions of dollars in assets,” a new update from the team behind the bridge has said....
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Report: $1.3 Billion in Crypto Stolen in Q1 2022, 97% Stemmed From Defi Exploits
28.4.2022
According to a research report, $1.3 billion in digital currencies have been stolen during the first quarter of 2022. The study, published by cryptomonday.de researchers, further highlights that 97% of the stolen funds derived from decentralized finance (defi) protocol exploits. Defi Exploits...
Binance recovers $5.8M in funds connected to Ronin bridge exploit
22.4.2022
Unfortunately, a vast majority of the stolen funds still remain in the hands of the hacker
Broxus CEO Vlad Ponomarev on Everscale and Developing a Universal Bridge Mechanism
22.4.2022
Everscale is the most scalable network in DeFi. With the capacity to process over a million transactions per second, Everscale is able to offer users some of the fastest transaction speeds paired with fractional fees. The Everscale ecosystem includes a cross-chain bridge platform with a unique...
Ethereum DeFi Staple MakerDAO Adds StarkNet Bridge in First Step Toward Multi-Chain
20.4.2022
Rebuilding Maker on StarkNet involves four phases, starting with a simple bridge that goes live on April 28
Lazarus Gets Banned by Tornado Cash for Hacking $600 Million From Axie Infinity’s Ronin Bridge
19.4.2022
Tornado Cash is a decentralized protocol that allows users to have a private Ethereum transaction on the network. Tornado Cash breaks the on-chain link between the source address and the destination address to keep transactions private. A smart contract is deployed to execute the private...
The integration of CeFi and DeFi through Binance Bridge 2.0
17.4.2022
Read this guide to learn how to bridge assets from any blockchain to BNB Chain using Binance Bridge 2.0
ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract
16.4.2022
According to the project’s official Twitter account, Tornado Cash, the ethereum mixing service that allows participants to shuffle ether, is blocking flagged ethereum addresses listed on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals And Blocked Persons...
OFAC Update Claims Ronin Hack Is Tethered to North Korea’s Hacker Syndicate Lazarus Group
15.4.2022
According to the U.S. Treasury and the Office of Foreign Assets Control (OFAC), the recent Ronin bridge hack may have been tied to the North Korean hacker syndicate called Lazarus Group. Federal law enforcement officials have tied the flagged ethereum address connected with the Ronin bridge exploit...
North Korean Lazarus Group allegedly behind Ronin Bridge hack
14.4.2022
Treasury Department updates SDN list to ostensibly tie infamous hacker group to last month’s mega-heist
How to bridge tokens from other chains to the Polygon Network
13.4.2022
To do anything on Polygon, you'll need MATIC, which isn't always easy to come by from other networks' DEXes
Terra’s Cross-Chain Bridge Now Supports Solana, Avalanche, Fantom, Moonbeam, Osmosis
13.4.2022
Terra Bridge, the cross-chain bridge protocol now supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche according to Terraform Labs CEO Do Kwon. “Easiest way to move funds in crypto,” the Terraform Labs CEO explained in a tweet. Terra Bridge Adds 5 New Chains On April 12, 2022...
The aftermath of Axie Infinity’s $650M Ronin Bridge hack
12.4.2022
Since the hack of Axie Infinity’s Ronin bridge, developers behind the game have raised $150 million to reimburse the affected users
Sky Mavis Raises $150 Million in Financing Round Led by Binance to Refund Users Affected by the Ronin Bridge Exploit
9.4.2022
Sky Mavis, the company behind the play-to-earn (P2E) game Axie Infinity, announced it has raised $150 million in a funding round to replenish the funds the company lost in the Ronin Network exploit. The funding round — which was led by Binance and had the participation of companies like...
Ronin Attack Shows Cross-Chain Crypto Is a ‘Bridge’ Too Far
5.4.2022
Last week’s $625 million exploit of the Axie Infinity sidechain underscores the risks of sacrificing decentralization for scale, Ethereum boosters say
Breaking Bitcoin Resistances, Doggycoin Moves, Exploited Bridge, Unhosted Propagandas and 20 Crypto Jokes
2.4.2022
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Finance Redefined: Axie Infinity’s Ronin bridge faces worst hack, Binance launches Bridge 2.0 and more
1.4.2022
In this week's DeFi newsletter, we discuss Axie Inifnity's Ronin bridge hack, Binance's new Bridge 2.0 launch, the rise in DeFi TVL and more
Binance Bridge 2.0 Launches with New and Improved Features
30.3.2022
The previous Binance Bridge gets a new makeover with several added features to make interchain connectivity safer and affordable. With the new improvements, the Binance-Ethereum bridging will be easier than ever seen before. The bridging protocol is set to allow listed and unlisted coins to...