{"id":12840,"date":"2024-04-23T14:58:19","date_gmt":"2024-04-23T11:58:19","guid":{"rendered":"https:\/\/forklog.com\/en\/arkham-identifies-millions-in-forgotten-crypto-assets-on-cross-chain-bridges\/"},"modified":"2024-04-23T14:58:19","modified_gmt":"2024-04-23T11:58:19","slug":"arkham-identifies-millions-in-forgotten-crypto-assets-on-cross-chain-bridges","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arkham-identifies-millions-in-forgotten-crypto-assets-on-cross-chain-bridges\/","title":{"rendered":"Arkham Identifies Millions in ‘Forgotten’ Crypto Assets on Cross-Chain Bridges"},"content":{"rendered":"

Tokens worth millions of dollars remain unclaimed in contracts associated with cross-chain bridges, according to experts at Arkham Intelligence, reports The Block<\/a>.<\/p>\n

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.<\/p>\n

\n

\u201cThere are dozens of accounts with six to seven-figure sums [\u2026] that have been forgotten. If you are on this list, you may have lost several million dollars,\u201d<\/em> the analysts wrote.<\/p>\n<\/blockquote>\n

Among the examples mentioned is a wallet with the ENS thomasg.eth containing ~$800,000<\/a> in an Arbitrum bridge contract. The funds have remained inactive for nearly two years.<\/p>\n

An Ethereum address linked to Bofur Capital holds about 27 WBTC ($1.8 million), which also have not moved from the Arbitrum bridge for over two years. According to Arkham, the wallet contains assets worth over $14 million<\/a>.<\/p>\n

Another address associated with Mike McDonald’s account on X may have “forgotten” about $117,000 earned from selling CryptoPunks.<\/p>\n

The publication suggested that such cases indicate that large cryptocurrency holders might face similar challenges in tracking assets when transferring them across various blockchains.<\/p>\n

Another wallet may be linked to Buterin. The Ethereum co-founder sent 50 ETH ($1.05 million) to an address whose owner has not moved them from the Optimism bridge for seven months.<\/p>\n

\n

\u201cVitalik, if you own this wallet: you have a million dollars in ETH,\u201d<\/em> the specialists wrote.<\/p>\n<\/blockquote>\n

Journalists explained that unlike cross-chain bridges like Hop, where users automatically receive their funds in another network, in some cases, assets must be requested manually.\u00a0<\/p>\n

If a user forgets to do this, the smart contract cannot remind them. As a result, cryptocurrencies may remain unclaimed.<\/p>\n

Back in 2022, Buterin described cross-chain bridges as vulnerable to 51% attacks.<\/p>\n

Earlier, the Ethereum co-founder used the Railgun mixer, also employed by North Korean hackers Lazarus Group, and emphasized that \u201cit\u2019s okay.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

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. \u201cThere are dozens of accounts with six to seven-figure […]<\/p>\n","protected":false},"author":1,"featured_media":12839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1210,1268,167,200],"class_list":["post-12840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cross-chain-protocols","tag-on-chain-analysis","tag-research","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12840"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12839"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}