The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans.Meter.io’s Meter Passport (MTRG) is a token bridge that is compatible with Ethereum and its sidechains. This attack affected the Moonriver side of the bridge.Moonriver is a smart … [Read more...] about Latest DeFi bridge exploit results in $4.4M losses for Meter
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Wormhole token bridge loses $321M in largest hack so far in 2022
The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform.Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange (CEX). This is the largest crypto hack of 2022 so far … [Read more...] about Wormhole token bridge loses $321M in largest hack so far in 2022
Cosmos Token Surges 8% Amid Airdrops, Polkadot Bridge
Tokens of protocols built on Cosmos that were previously airdropped to stakers, were among the biggest gainers on Monday morning even as the broader crypto market saw nominal losses. Tokens of Juno Network (JUNO), Stargaze (STAR), and Comdex (CMDX) – DeFi-centric tokens built on Cosmos – rose as much as 6% in the past 24 hours, according to data from CoinGecko. Source link … [Read more...] about Cosmos Token Surges 8% Amid Airdrops, Polkadot Bridge
Allbridge Raises $2M to Expand Cross-Chain Token Bridge
Launched seven months ago, San Francisco-based Allbridge serves as a bridge for transferring assets between Ethereum Virtual Machine (EVM) and non-EVM compatible blockchains. Supported chains include Solana, Avalanche, Fantom, Celo, Polygon, Ethereum, BSC and Terra. Source link … [Read more...] about Allbridge Raises $2M to Expand Cross-Chain Token Bridge
Visa Partners With ConsenSys to Help Bridge CBDCs With Traditional Finance
Payments giant Visa has teamed up with Ethereum scaling firm ConsenSys to help central bank digital currency (CBDC) networks bridge the gap with traditional financial institutions.Customers will eventually be able to use their CBDC-linked Visa card or digital wallet anywhere that Visa is accepted globally, Catherine Gu, Visa’s head of CBDC, said in a blog post Q&A with … [Read more...] about Visa Partners With ConsenSys to Help Bridge CBDCs With Traditional Finance