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What's Next for the Crypto Markets with Alex Krüger

The Defiant - DeFi Podcast

CHAPTER

Barnbridge's Hacks Lead to Troubled Waters Not Over Them

This week multi chain was drained for I think about 120 million dollars in counting or more um about 123 million exactly to be more as precise. A different hack took place on uh you know in to compound the news earlier this week on july 3rd my birthday but it wasn't a happy birthday for the poly network because it got hacked. The real issue here is that when these bridges go down the assets that are used as collateral are basically worthless and then so we saw that happen here another situation happened.

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