Why are some forms of Bitcoin Bridging bad.

14 Oct 2023, 01:00
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. 1/2 🧵

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Mintlayer
MintlayerML #1024
Twitter
14 Oct 2023, 01:00
In 2022, around $1.4 billion was lost due to Token Bridge 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 the article below. 2/2 🧵
In 2022, around $1.
In 2022, around $1.4 billion was lost due to Token Bridge 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 the article below. https://t.co/p1zOSv9ko1 2/2 🧵