ChainSwap, a cross-chain asset bridge and application smart chain, has become the latest victim of the increasingly worrying exploits happening in the DeFi ecosystem that has caused the sector to lose hundreds of millions of dollars since the start of the year.
What is ChainSwap?
As a hub for smart chains, the ChainSwap protocol acts as a defi bridge for projects and users to seamlessly move assets between different blockchains like Ethereum (ERC20), Binance Smart Chain (BSC), and Huobi’s ECO Chain.
It also plans to build cross-chain solutions for Bitcoin, Polkadot, and Solana – the same as ChainSwap did with Polkastarter in March.
In May, the project received an investment worth $3 million from leading industry investors including Alameda Research, NGC Ventures, and OK Block Dream Fund (OKEx). ChainSwap said at the time that it intended to use the raised funds to accelerate its vision of becoming a multi-chain and multi-asset bridge.
ChainSwap Exploit: Projects Crashed 99%
ChainSw
Źródło: https://cryptopotato.com/chainswap-exploited-projects-using-the-bridge-protocol-crashed-99/
