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TipRanks 2022-08-29 18:05:32

Crypto Hacks and Potential Solutions: Interview With Analog’s Chief Architect Victor Young

Crypto Hacks and Potential Solutions: Interview With Analog’s Chief Architect Victor Young

More than $1.9 billion worth of cryptocurrency has been lost in hacks and exploits this year alone, and we still have one more quarter to go. Hackers continuously exploit security vulnerabilities across third-party wallets, hot wallets, exchanges, and cross-chain bridges, among other things. Within the first six months of 2022, hackers targeted platforms like Crypto.com, Qubit Finance’s QBridge, the Solana-Ethereum bridge Wormhole, the IRA Financial Trust, Cashio, Axie Infinity’s Ronin Bridge, Beanstalk, Fei Protocol, Harmony Bridge, Nomad Bridge, and Solana’s Slope wallet, among others.

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