Cross-Chain Protocols | ForkLog

ForkLog 61 01.08.2024

Should we burn the bridges?

How has the economics of cross-chain bridges changed of late, and what has broadened their functionality? Web3 entrepreneur Vladimir Menaskop shares with ForkLog readers the findings of a large study of more than 50 projects and sets out the authors’ preliminary conclusions. From the author ForkLog has revisited this topic in surveys, features and podcasts. […]

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ForkLog 47 19.07.2024

LI.FI Reveals Details of $11.6 Million Hack

The team behind the cross-chain protocol LI.FI has disclosed details of a hack that resulted in users losing $11.6 million in stablecoins USDC, USDT, and DAI. Post-mortem and next steps for @lifiprotocol partners and community:https://t.co/H4EEiLAHEc pic.twitter.com/TZmx0VtLxo — LI.FI (@lifiprotocol) July 18, 2024 According to the statement, the exploit occurred shortly after the deployment of a […]

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ForkLog 17 16.07.2024

LI.FI Protocol Suffers $8 Million Loss in Security Breach

On July 16, Cyvers Alerts identified suspicious transactions within the LI.FI protocol. At the time of writing, the incident is ongoing, with losses amounting to $8 million. ?ALERT?@lifiprotocol, Our system has raised suspicious transactions involving your https://t.co/3LzbDK99Ed We recommend users to revoke their approvals for: 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae More than $8M have been drained so far from […]

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ForkLog 32 04.06.2024

Connext Rebrands as Everclear Amid New Clearing Layer Launch

The blockchain interoperability project Connext will rebrand as Everclear. This initiative coincides with the launch of a settlement layer for intent-based bridges. Connext is now ✨ Everclear: The First Clearing Layer ✨ Everclear coordinates the global settlement of liquidity between chains, solving fragmentation for modular blockchains. Learn more about Everclear and how it powers the […]

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ForkLog 37 21.05.2024

deBridge Introduces DBR Token Ahead of Airdrop

The EVM-compatible cross-chain protocol deBridge has announced the launch of its governance token, DBR, and revealed details of the forthcoming asset distribution. 1/ Introducing $DBR The next step in becoming the bridge that DeFi deserves ? Everything you need to know about the deBridge token ? pic.twitter.com/NcGsLUBDp8 — deBridge (@deBridgeFinance) May 21, 2024 The total […]

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ForkLog 18 23.04.2024

Arkham Identifies Millions in ‘Forgotten’ Crypto Assets on Cross-Chain Bridges

Tokens worth millions of dollars remain unclaimed in contracts associated with cross-chain bridges, according to experts at Arkham Intelligence, reports The Block. Experts identified several such addresses belonging to major players in the DeFi and NFT sectors, including a presumed connection to Ethereum co-founder Vitalik Buterin. “There are dozens of accounts with six to seven-figure […]

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ForkLog 25 04.04.2024

Wormhole Airdrop Draws Scammers, Token W Drops 20%

On April 3, the cross-chain protocol Wormhole conducted an airdrop of its W token, which was subsequently listed by many CEX. However, the airdrop attracted significant attention from scammers, adversely affecting the token’s price. According to on-chain investigator ZachXBT, the official announcement from developers was flooded with “tons” of phishing attempts from fraudulent accounts, many […]

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ForkLog 37 03.04.2024

Wormhole Unveils W Token Roadmap Ahead of Airdrop

The Wormhole team has outlined the development plan for the native W token and detailed its cross-chain integration. Following the token claim opening for airdrop participants, several CEXs will list the asset. In anticipation of the W token distribution, developers of the cross-chain protocol Wormhole discussed future plans for its development and integration into various […]

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ForkLog 29 07.03.2024

Avalanche Developers Activate Durango Update and Introduce Teleporter

The Avalanche team has launched Teleporter, a tool designed to enhance messaging processes within the project’s subnet ecosystem. The Age of Interoperability is here ?? With today’s launch of Teleporter, Avalanche becomes a seamlessly linked network of many chains that communicate so smoothly they feel like a single chain. Let’s dig in to Teleporter and […]

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ForkLog 42 07.03.2024

Wormhole Distributes 617 Million W Tokens in Airdrop

The cross-chain protocol Wormhole, based on Solana, has distributed 617.3 million W tokens across 397,704 wallets as part of an airdrop. Enter the Wormhole.https://t.co/GxyfY14PyL pic.twitter.com/qlQBAjqjcO — Wormhole (@wormholecrypto) March 6, 2024 The assets represent 6.17% of the total issuance of 10 billion coins. The initial market offering consists of 1.8 billion W, distributed in ERC-20 […]

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ForkLog 16 22.02.2024

Wormhole to Leverage AMD Chips for Enhanced Scalability

The blockchain interoperability platform Wormhole is set to employ enterprise-grade hardware accelerators from AMD to scale its inter-network connections. Wormhole is expanding the ecosystem by adding AMD as a hardware accelerator provider to make enterprise grade hardware available to the Wormhole ZK ecosystem for trustless interoperability. Read the blog for more info: https://t.co/SkhIU7qdHW — Wormhole […]

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ForkLog 19 15.02.2024

TRON Team to Develop Bitcoin Layer 2 Scaling Solution

Justin Sun, the founder of TRON Foundation, has announced plans to develop a Layer 2 network based on TRON to scale Bitcoin. The roadmap includes integrating a cross-chain solution to connect tokens from both ecosystems. #TRON Announces Its Bitcoin Layer 2 Solution and Road Map Today is a significant day for #TRON. Let’s make #Bitcoin […]

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#Cross-Chain Protocols