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.

PA Chart | A Quick Overview of Large Cross-Chain Bridge Attacks and Handling

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
LidoStakeAddictvip
· 6h ago
Safety first, always first.
View OriginalReply0
SundayDegenvip
· 9h ago
It's time to get insurance for the cross-chain bridges.
View OriginalReply0
SeasonedInvestorvip
· 07-03 16:30
So tragic, so exciting.
View OriginalReply0
LightningAllInHerovip
· 07-03 16:25
The crypto world still needs to operate on a single chain.
View OriginalReply0
DefiOldTrickstervip
· 07-03 16:13
It's so tragic, I've really been robbed.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)