🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
Cross-chain bridge security incidents occur frequently, with two major projects experiencing anomalies, making it more difficult to recover funds.
The security issues of cross-chain bridges continue to attract follow, with the total amount of funds involved in related incidents historically exceeding $2 billion. According to data statistics, 2022 was the year with the most frequent attacks on cross-chain bridges. Although the overall situation has improved this year, two major incidents still occurred this month: the well-known cross-chain bridges Poly Network and Multichain both experienced cases of stolen funds or abnormal transfers. It is noteworthy that in the recent security incidents involving cross-chain bridges, the proportion of funds successfully recovered or compensated has shown a declining trend.
These events highlight the severe challenges that cross-chain technology faces in terms of security. As the blockchain ecosystem continues to evolve, cross-chain bridges serve as key infrastructure connecting different blockchain networks, and their security is directly related to the safety of user assets. The industry needs to strengthen security audits, optimize protocol design, and establish more comprehensive risk management mechanisms to enhance the overall security level of cross-chain bridges.
At the same time, users should remain highly vigilant when using cross-chain bridges services, understand the related risks, and take necessary security measures. With technological advancements and the improvement of security awareness, we have reason to believe that the security of cross-chain bridges will continue to improve, providing a more solid guarantee for the healthy development of the blockchain ecosystem.