I used to know only the name too, until I looked into it more carefully and finally understood what it was.
According to Chainalysis statistics from August 2022, about 69% of the crypto assets stolen up to that point that year came from cross-chain bridge attacks.
Cross-chain bridges are a major target because their contracts typically hold large amounts of assets. If the verification process is compromised, the locked assets could be transferred out.
$ZRO and $W are the tokens of the cross-chain messaging protocols LayerZero and Wormhole, respectively. Currently 1.85.
What other topics would you like to learn about? Let me know in the comments.
According to Chainalysis statistics from August 2022, about 69% of the crypto assets stolen up to that point that year came from cross-chain bridge attacks.
Cross-chain bridges are a major target because their contracts typically hold large amounts of assets. If the verification process is compromised, the locked assets could be transferred out.
$ZRO and $W are the tokens of the cross-chain messaging protocols LayerZero and Wormhole, respectively. Currently 1.85.
What other topics would you like to learn about? Let me know in the comments.