Coinbase and Chainlink Launch Base–Solana Cross-Chain Bridge It is a cross-chain connection that allows assets to move directly between Base, Coinbase’s Ethereum layer-2 network, and the Solana blockchain Why is this bridge important? It enables seamless asset transfers, increases liquidity access, and supports a more interconnected, multi-chain crypto ecosystem How does the cross-chain bridge work?
LayerZero Pins $292M KelpDAO Bridge Hack on North Korea’s . . . - Decrypt The exploit that drained roughly $292 million from KelpDAO’s cross-chain bridge over the weekend was “likely” the work of North Korea’s Lazarus Group, specifically its TraderTraitor subunit, LayerZero said in a preliminary analysis on Monday Attackers drained 116,500 rsETH, a liquid restaking token backed by staked ether, from the KelpDAO bridge on Saturday, setting off withdrawals
Circle Launches USDC Bridge to Simplify Cross-Chain Transfers Across 17 . . . What Is Circle’s New USDC Bridge? Stablecoin issuer Circle has launched USDC Bridge, a new user interface built on top of its Cross-Chain Transfer Protocol that is designed to simplify native cross-chain transfers of USDC The product is aimed at reducing the operational friction that has long made bridge activity difficult for mainstream users
Crypto Bridges: Enabling Blockchain Interoperability - CoinGecko An interconnected network of systems enables users to transfer data and assets seamlessly Besides facilitating cross-chain transfers, crypto bridges offer additional benefits, like enabling users to access new applications on other ecosystems and allowing developers from different chains to collaborate
Cross-Chain Bridges Explained: How They Work and Why Security Is . . . Understanding Cross-Chain Bridges A cross-chain bridge is a technology that enables the transfer of assets, data, or information between different blockchain networks It allows users to interact with multiple blockchains, unlocking interoperability by facilitating communication and transactions between otherwise isolated ecosystems
Cronos: ZK-Rollups Solve Cross-Chain Bridge Security Issues The trusted cross-chain bridge model has posed a significant security concern in recent years Head of Cronos Labs Ken Timsit has tipped ZK-rollups as the solution to cross-chain security issues The statement comes as the firm prepares to launch a ZK-powered Ethereum Layer 2 The problem of fragmented liquidity and assets across blockchains has led to the proliferation of several bridging