Uniswap DAO debate shows devs still struggle to secure cross-chain bridges
Developers face tradeoffs between making bridges upgradeable to fix bugs versus making them decentralized.
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Developers face tradeoffs between making bridges upgradeable to fix bugs versus making them decentralized.
No customers' funds or information were impacted, according to the company. Coinbase's engineering team believes the attack is associated with a sophisticated phishing campaign.
The market maker is used to swap stable coins on the Avalanche blockchain; it has a total locked value of $46 million, according to DefiLlama.
The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team.
The LIFI executive proposed that a team of four researchers be appointed to study the idea of a multi-bridge approach.
The trick allows the attacker to confirm zero-value transactions from the victim’s wallet, hijacking the user’s transaction history.
To protect against crime in the metaverse, take precautions, such as using secure passwords, and report suspected criminal activities to law enforcement.
For cryptocurrency to achieve mass adoption, breaches that can be easily prevented — like the phishing attack that resulted in OpenSea losing $1.7 million — need to end.
Wormhole got over 60% of the vote in the Uniswap DAO referendum, with LayerZero coming in second.
LayerZero is the protocol used by Stargate bridge, which has over $382 million locked in its smart contracts.