DeFi safety: How trustless bridges may also help shield customers

Blockchain bridges permit decentralized finance (DeFi) customers to make use of the identical tokens throughout a number of blockchains. For instance, a dealer can use (USDC) on the or blockchains to work together with the decentralized functions (DApps) on these networks.

Whereas these protocols could also be handy for DeFi customers, they’re prone to exploitation by malicious actors. For instance, prior to now yr, the Wormhole bridge — a preferred cross-chain crypto bridge between Solana, Ethereum, and others — was hacked, with attackers stealing over $321 million price of wrapped Ethereum (wETH), the most important hack in DeFi historical past on the time.

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