Why are some forms of #Bitcoin Bridging bad.
01 Nov 2023, 22:49
Why are some forms of #Bitcoin Bridging bad? 🤔
Wrapped Bitcoin and Token Bridges bring in third parties and extra attack surface into transactions.
💸 These have been the reason for the significant losses in #DeFi.
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Same news in other sources
101 Nov 2023, 22:49
In 2022, around $1.4 billion was lost due to #TokenBridge attacks, thanks to social engineering that led to unauthorized access to staff accounts.
For more information on the topic of #Bitcoin Bridging methods, please check out our article. 👇
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In 2022, around $1.
In 2022, around $1.4 billion was lost due to #TokenBridge attacks, thanks to social engineering that led to unauthorized access to staff accounts.
For more information on the topic of #Bitcoin Bridging methods, please check out our article. 👇
2/2 🧵