Chainalysis assessed the damage from hacks of cross-protocols from the beginning of the year $ 2 billion

The volume of stolen funds as a result of 13 attacks on crosschain protocols has reached $ 2 billion from the beginning of the year. Such grades were given by Chainalysis analysts.

Following Last Night’s Exploit of the Nomad Bridge, An estimate $ 2B HAS Been Stolen from Cross-Chain Bridges So Far in 2022. Read OUR BLOG to LEARN What Makes these Protocols Vulnerable and What the Industry Can do’s. https: // t.CO/WLO62H6NFE Pic.Twitter.COM/CZRNQRPIKH

– Chainalysis (@chainalysis) August 2, 2022

The share of attacks on bridges amounted to 69% of the volume of all funds stolen by attackers in 2022.

The last similar episode was the hack on August 2 of the Nomad protocol in the Evmos ecosystem.

“As the transferred value increases through the crosschain protocols, their attractiveness in the eyes of hackers is growing. This is a serious threat to strengthen confidence in blockchain technology “, – experts reported.

Analysts noted that the groups associated with North Korea take part in this. As a result, they managed to obtain control over assets worth $ 1 billion, including as a result of attacks on bridges.

Experts emphasized that the design of crosschain protocols remains a technical problem. In their opinion, only an extremely strict audit of the code can be its decision. This will allow you to create a library of reliable and safe smart contracts over time, which will become templates for other developers.

Previously, Chainalysis launched a hotline for victims of cryptocurrency crimes.

Recall that in June, unknown hacked the Hormony Blockchain Cross-Protocol Horizon. The damage amounted to about $ 100 million.

Ethereum founder Vitalik Buterin previously stated that he was “pessimistic” regarding bridges. In his opinion, the latter are vulnerable to attacks like 51%.

Read more about what crosschain-mines are, read in educational cards forklog.

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