An Aave governance proposal suggests removing Fantom integration amid so many recent DeFi bridge hacks. Is the multi-chain narrative sinking fast?
It’s been a bumpy few weeks for crypto hacks.
The fallout from the recent Solana hack has again reminded folks about the importance of hardware wallets, for example. We now know that more than 15,000 crypto wallets were affected, and roughly $4.6 million nabbed. Yikes.
Another recurring misfortune has been bridge hacks. Bridges are key pieces of crypto infrastructure that let users move funds between blockchains. Native assets on Avalanche, for instance, can’t exist on Harmony without the help of a bridge.
And if you’re a believer in the so-called multi-chain universe, bridges are essential to that thesis. Unfortunately, these platforms have been taking an absolute battering of late.
The latest episode revolved around a roughly $190 million hack of Nomad earlier this week. But there have been many others, like Axie Infinity’s Ronin bridge...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...