Bridge Hacks Have Caused ~$1 Billion in Losses. Here’s Why Bridge Security Is Tricky - Ep.336
Unchained
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Bridging Security and Hacks in DeFi
This chapter examines the recent hack affecting SkyMavis and the complexities of asset recovery and reimbursement. It discusses the evolution of bridges in decentralized finance, addressing their vulnerabilities and the need for enhanced security measures. The conversation highlights innovative cross-chain technologies, such as multisig bridges and optimistic rollups, while emphasizing the importance of automated monitoring systems to detect fraud.
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Transcript
