DeFi Daily News
Tuesday, April 14, 2026
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi

rewrite this title What is a Blockchain Bridge and Why Do They Keep Getting Hacked?

Faari Labinjo by Faari Labinjo
April 4, 2026
in DeFi
0 0
0
rewrite this title What is a Blockchain Bridge and Why Do They Keep Getting Hacked?
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Last updated on April 7th, 2026 at 07:25 am

If you’ve ever wondered how one crypto token moves from one blockchain to another, the answer is usually a blockchain bridge. Just like a physical bridge connects two lands, a blockchain bridge connects two blockchains, and these tools let users swap assets between blockchains that don’t normally talk to each other. This idea is called cross-chain interoperability.

There just happens to be one problem: these bridges have been getting hacked a lot. In fact, some of the biggest crypto losses in history have come from bridge attacks. You may have heard of the Ronin hack or the Wormhole hack. These weren’t just small problems. They cost users hundreds of millions of dollars.

Why are these bridges so risky? Why do people keep using them anyway? And what can be done to fix them? Let’s break it down.

How Bridges Move Assets Across Chains

Blockchain analytics firm Chainalysis has said that in 2024, illegal cryptocurrency activities worldwide amounted to $40.1 billion, or 0.14% of the total global on-chain value. While this may appear to be a drop from the $46.1 billion recorded in 2023, the firm expects the figures to rise as it updates its reporting for the year. Different blockchains speak different “languages.” For example, Bitcoin runs on its own system, and Ethereum uses another. So if you have a token on Ethereum but want to use it on another network like Solana, you need a bridge.

Let’s say you want to send ETH from Ethereum to a blockchain like Avalanche. The bridge does not actually move the ETH itself, and instead, it locks your ETH on Ethereum and gives you a copy of it on Avalanche. This copy is called a “wrapped token,” and when you want to switch back, the bridge burns (destroys) the wrapped token and unlocks your original ETH.

That sounds simple, but behind the scenes, this process is very complex, with the bridge having to manage different smart contracts on both chains and keeping track of locked tokens to make sure no one cheats the system.

Read More: History of Crypto Cyber Hacks and Coin Thefts Over the Last Decade

Types of Bridges: Custodial vs.Trustless

Not all bridges work the same way; some are custodial, meaning a central group holds the original tokens while giving users access to wrapped ones, and others are trustless and use code instead of people to do the job.

Custodial bridges are often faster and easier to use, but they come with big risks; if the custodian is hacked or turns out to be dishonest, users can lose everything. This is what happened in the Ronin hack, where a few keys controlled most of the funds. So when hackers got access to those keys, they drained over $600 million.

Trustless bridges, on the other hand, use smart contracts and complex rules to manage assets. These systems don’t rely on any single group of people, but that doesn’t mean they’re always safe. If there’s a bug in the code, hackers can still break in.

Security Flaws and Infamous Breaches

Hooded man behind a computer.  Source: armourzero

Bridge hacks are a growing problem in the crypto world. Some of the most well-known include:

The Ronin Hack (2022): This was one of the largest crypto attacks in history. Hackers stole $620 million worth of ETH and USDC from the bridge used by the Axie Infinity game. The bridge was custodial and used just five keys to unlock funds. The hackers only had to get control of four to drain everything.

The Wormhole Hack (2022): This was another major case in which $320 million was stolen from the Wormhole bridge between Ethereum and Solana. The attackers found a way to trick the bridge into minting tokens without actually locking any on the other side.

These hacks show how bridges are attractive targets. They often hold large amounts of value, and even one small mistake in the code or the setup can lead to a huge DeFi exploit.

Proposals for Safer Interoperability

Image showing How a Cross-Chain Bridge Works - on DeFi Planet

Even though bridges have issues, people still need them, and with the crypto world growing fast, no one wants to be stuck on just one blockchain. Developers are now looking for ways to make bridges safer, and some ideas include:

Better audits and bug bounties: Before a bridge goes live, experts can look for flaws in the code. Some projects also pay hackers to find bugs before criminals do.

Multi-signature systems: Instead of letting one person or one group control funds, bridges can use systems that require many people to sign off before anything moves. This makes it harder for one hacker to steal funds.

Zero-knowledge proofs: Zero-knowledge proofs are a new kind of cryptography that can help bridges verify information without sharing everything, and they may offer more security for cross-chain tools in the future.

Cross-chain messaging systems: Instead of moving tokens, some teams are building systems that just send messages across chains. These messages can tell smart contracts on other chains to unlock tokens, reducing the need for wrapped assets.

Insurance funds: Some bridges are creating funds that pay back users if there’s ever a hack. This won’t stop attacks, but might make users feel safer.

Why People Still Use Bridges

Even with all these risks, many people still use blockchain bridges every day. Why? Because the benefits are significant and make the whole crypto experience much better.

First, bridges help you save on fees. Ethereum might be great for a lot of things, but the fees there can get really high; sometimes $20, $50, or even more just to move your money around when things are busy. That’s like paying extra for something simple, while other chains like Polygon, Arbitrum, Optimism, or Base tend to be much cheaper, where the same move might cost only a few cents. So people bridge their funds over to these cheaper places to trade, lend, borrow, play games, or buy NFTs without losing so much to fees. It makes your crypto go further, especially if you don’t have a huge wallet.

Second, different blockchains offer different value propositions, and maybe there’s a hot new DeFi project paying really good rewards, but it only lives on Solana. Or a fun NFT collection dropping only on Avalanche, or maybe a game where you can earn tokens faster on another chain. If you’re stuck on one blockchain, you miss out. Bridges let you move your money (or its wrapped version) to wherever the action is happening right now. That freedom is huge, and people want to chase the best opportunities, the newest projects, or the highest yields wherever they pop up.

Third, bridges are great for growing communities and projects. A lot of developers build dApps (decentralized apps) that start on one chain, like Ethereum. But if they stay only there, they miss people who can’t afford the high fees or who already live on other chains. By adding bridges, the same app can reach users on Polygon, Arbitrum, BNB Chain, and more. More users means more people using the app, more money in the pools, better prices, and usually a happier community. Projects love going multi-chain because it helps them spread faster and get bigger. It’s one of the main ways new DeFi ideas grow from small to really popular.

Of course, every big bridge hack is a loud reminder that security matters more than anything and when millions get stolen, trust gets hurt, and people get scared. The goal right now is to build much safer cross-chain systems, ones that don’t need so much trust in the middle, that use better tech like zero-knowledge proofs, or that spread the risk so one weak spot can’t break everything. The dream is a cross-chain movement that feels as easy and safe as sending money between your own bank accounts.

Bottom line: the risks are real, but so are the rewards with cheaper fees, access to more projects, and bigger communities pulling people back to bridges. They make crypto feel less like separate islands and more like one big connected world, and as the tech gets better and safer, more people will keep using it every single day.

The Future of Blockchain Bridges

Some developers think bridges will always be risky, while others believe that new tech will make them safer. What most people agree on is this: bridges are not going away anytime soon. In fact, they might become even more important as new chains like Layer 2s, app-specific chains, and rollups grow, increasing the need to connect them. If we want a world where crypto tools can talk to each other, bridges must be part of the plan.

At the same time, we must learn from the past. Every Ronin hack or Wormhole hack shows us what not to do. By studying these DeFi exploits, developers can avoid repeating mistakes.

What This Means for Beginners

If you’re new to crypto, you don’t need to build a bridge yourself. But you should know how they work and why they matter.

When using a bridge:

Start small. Don’t move your life savings on the first try.
Use bridges with a good reputation.
Look for bridges that publish audits or are open-source.
Check if they have safety tools like multi-sigs or insurance.
Don’t forget that no system is 100% safe.

Crypto moves fast, but good habits last. As you grow in the space, knowing how bridges work will help you make smarter choices.

In Conclusion

Blockchain bridges are like highways between cities; they connect different parts of the crypto world and allow value to flow freely. But like real highways, they can have cracks, weak points, or even get attacked. By learning how they work and how to stay safe, we can build a better, more secure future for everyone.

Whether you’re curious about cross-chain swaps or just trying to understand how the Ronin hack happened, you’re already taking the first step. Knowledge is power, and in crypto, it might also be protection.

 

Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence. 

Enjoyed this piece? Bookmark DeFi Planet, explore related topics, and follow us on Twitter, LinkedIn, Facebook, Instagram, Threads, and CoinMarketCap Community for seamless access to high-quality industry insights.

Take control of your crypto  portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: blockchainBridgeHackedrewritetitle
ShareTweetShare
Previous Post

rewrite this title AI Giant Anthropic Files to Launch ‘AnthroPAC’ Amid Clash With Trump Administration – Decrypt

Next Post

rewrite this title The first-reactions to Star Wars: Maul – Shadow Lord say the villain-centric animated series is overflowing with action and thrills

Next Post
rewrite this title The first-reactions to Star Wars: Maul – Shadow Lord say the villain-centric animated series is overflowing with action and thrills

rewrite this title The first-reactions to Star Wars: Maul - Shadow Lord say the villain-centric animated series is overflowing with action and thrills

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Google Unveils Flow: An All-in-One AI Video Editing Tool That Can Do It All!

rewrite this title Google Unveils Flow: An All-in-One AI Video Editing Tool That Can Do It All!

May 21, 2025
rewrite this title How to Get Top Solana Token Holders – Moralis APIs

rewrite this title How to Get Top Solana Token Holders – Moralis APIs

May 14, 2025
rewrite this title and make it good for SEO Hyperliquid Deep Dive: Understand HYPE and HLP Model

rewrite this title and make it good for SEO Hyperliquid Deep Dive: Understand HYPE and HLP Model

April 3, 2025
rewrite this title 10 Tools That Will Give Crypto Traders A Predictive Edge In 2026

rewrite this title 10 Tools That Will Give Crypto Traders A Predictive Edge In 2026

December 14, 2025
Vance, Trump’s VP Choice, Advocates for Stringent China Policy: Analyst Insights – Reuters

Vance, Trump’s VP Choice, Advocates for Stringent China Policy: Analyst Insights – Reuters

July 16, 2024
BITCOIN BULL RUN Back On! [Why Everything Changes in September for CRYPTO Markets]

BITCOIN BULL RUN Back On! [Why Everything Changes in September for CRYPTO Markets]

August 23, 2024
rewrite this title Inertia moves to commercialize one of the world’s most elaborate science experiments | TechCrunch

rewrite this title Inertia moves to commercialize one of the world’s most elaborate science experiments | TechCrunch

April 14, 2026
rewrite this title What Does Gina Vargiu-Breuer’s Contract Renewal Mean for SAP’s AI Strategy? – UC Today

rewrite this title What Does Gina Vargiu-Breuer’s Contract Renewal Mean for SAP’s AI Strategy? – UC Today

April 14, 2026
rewrite this title If This Happens, Dogecoin Won’t Stop Until It Crosses ; Analyst

rewrite this title If This Happens, Dogecoin Won’t Stop Until It Crosses $1; Analyst

April 14, 2026
rewrite this title Deadspin | Sharks outlast Predators in Western Conference matchup

rewrite this title Deadspin | Sharks outlast Predators in Western Conference matchup

April 14, 2026
rewrite this title and make it good for SEO Iran War Fallout to Dominate 2026, Slowing Crypto Market Recovery

rewrite this title and make it good for SEO Iran War Fallout to Dominate 2026, Slowing Crypto Market Recovery

April 14, 2026
rewrite this title Stocks rebound, oil and dollar slip on hopes of US-Iran resolution By Reuters

rewrite this title Stocks rebound, oil and dollar slip on hopes of US-Iran resolution By Reuters

April 14, 2026
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.