I've been asked about this several times, so here's a general answer.
According to Chainalysis data from August 2022, around 69% of the crypto assets stolen that year up to that point were taken in cross-chain bridge attacks.
Cross-chain transfers involve several additional layers of trust compared with transfers on the same chain: in addition to the two chains themselves, you also have to trust the bridge's smart contract code and verification mechanism.
$ZRO is the token of LayerZero, a full-chain interoperability protocol.
Anything to add? Let's discuss in the comments.
According to Chainalysis data from August 2022, around 69% of the crypto assets stolen that year up to that point were taken in cross-chain bridge attacks.
Cross-chain transfers involve several additional layers of trust compared with transfers on the same chain: in addition to the two chains themselves, you also have to trust the bridge's smart contract code and verification mechanism.
$ZRO is the token of LayerZero, a full-chain interoperability protocol.
Anything to add? Let's discuss in the comments.