1. Home
  2. Block chain

Category: cross-chain bridges

Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic

Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic

Cross-chain bridges have been the target of more than a few hacks this year, but new data from blockchain analytics provider Elliptic alleges one has been used to launder over half a billion dollars in ill-gotten crypto assets.  According to an Aug. 10 report, crypto bridge RenBridge has facilitated the laundering…

$2B in crypto stolen from cross-chain bridges this year: Chainalysis

$2B in crypto stolen from cross-chain bridges this year: Chainalysis

Cross-chain bridge hacks have accounted for 69% of the total crypto stolen in 2022, amounting to $2 billion in losses, according to a new report.  The report comes from blockchain analytics firm Chainalysis on Aug. 2, noting there have been 13 separate token bridge hacks this year — the most…