Bridge assaults will nonetheless pose main problem for DeFi in 2023 — Safety specialists By Cointelegraph

Safety has been a vital problem for decentralized finance (DeFi) and its evolution. Between 2020 and 2022, hackers stole over $2.5 billion by way of vulnerabilities on cross-chain bridges, Token Terminal knowledge exhibits. It is a substantial quantity in contrast with different safety breaches.

Points with bridges have a root trigger: All of them have an “inherent vulnerability,” Theo Gauthier, founder and CEO of Toposware, informed Cointelegraph. In line with Gauthier, regardless of how safe a bridge is by itself, it’s “fully reliant on the safety of the chains it connects,” that means any breach or bug inside one of many two bridged chains makes the general bridge weak.

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