The Solana DeFi application Kamino is offering a weekly yield of more than 999%, paid out in W and JTO tokens.
Wormhole Debuts at $3B Valuation in 617M Token Airdrop
Cross-chain bridge Wormhole initiated an airdrop that will see early users rewarded with 617 million of its newly issued governance token, W
Orbit Chain Loses $81M in Cross-Chain Bridge Exploit
Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform’s cross-chain bridge.
IOTA’s ShimmerEVM Bolsters Onboards Cross-Chain Capabilities With LayerZero’s Technology
The Shimmer bridge, a tool that transfers value between different blockchains that connect to LayerZero, will launch today.
Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability
The fundraise comes as interoperability protocols have attracted investors, despite the bear market.
Multichain’s ‘mysterious withdrawals’ have whiffs of a ‘rug pull’ — Chainalysis
Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems.
‘Storage Proofs’ Touted as Alternative to Hack-Prone Bridges in Multichain World
Storage proofs, a feature that could minimize cross-chain exploits by allowing users to keep their assets on one chain and prove that it’s there on a different chain, will go live on Starknet soon.
Cross-Chain Bridge deBridge Launches App for Trading Without Liquidity Pools
The DLN app is now live with support for Ethereum, Arbitrum, Polygon, Fantom, BNB Chain, and Avalanche.
Bridge Exploits Cost $2B in 2022, Here’s How They Could Have Been Averted
The bridges that are essential to our multi-chain cryptoverse are vulnerable to hacks. But an analysis of some of the biggest exploits of the past year reveals that applying multiple security measures in combination could have blocked the attacks, writes Gnosis co-founder Martin Koppelmann.
Fantom Foundation Removes $2.4M MULTI from SushiSwap Liquidity Pool
The Fantom Foundation – the team developing the Fantom blockchain – removed millions of dollars in liquidity from a trading pool for the native token of Multichain on Wednesday, compounding concerns over the cross-chain bridging protocol’s stability.
DeFi Broker Prime Protocol Introduces Bridgeless Cross-Chain Token Transfers
The protocol aims to eliminate the need for token bridges, wraps and swaps to make moving crypto tokens between blockchains safer.
Injective partners with Wormhole to bring 10 new blockchains to the platform
“Users will soon find Wormhole integrated into the backend of the Injective Bridge whereby transferring assets from distinct EVM chains or Solana can be done with the click of a button,” Injective Labs stated.
Jump Crypto replenishes funds from $320M Wormhole hack in largest-ever DeFi ‘bailout’
The venture capital firm dug into its own pockets to restore trust in the Wormhole ecosystem.