# Bridge Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Bridge", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Cryptomarket Loses $14 Billion Due to Hacks. What Was Special About 2026?

The cryptocurrency market lost over $14 billion due to hacks and code exploits from 2016 to 2026, according to a CoinGecko report. The year 2026 has seen a significant spike, with 164 separate incidents recorded as of August—a 70% increase from all of 2025. Although the total financial loss for 2026 currently stands at about $1.2 billion, still below the peak of $2.77 billion in 2022, the number of attacks is unprecedented. Analysts attribute this rise to improved tracking methods and increased malicious activity, possibly fueled by advancements in artificial intelligence. Notable 2026 breaches include the April hacks of Drift and Kelp protocols, resulting in losses of $295 million and $293 million, respectively. The Kelp exploit, linked to North Korean hackers, involved minting unbacked tokens via a LayerZero bridge vulnerability, which were then used as collateral on Aave. This triggered a massive withdrawal of liquidity from Aave and the broader DeFi sector, leading to over $20 billion in sector-wide outflows by August, despite the eventual recovery of the stolen Kelp funds. The report also highlights that market reactions to hacks often inflict greater financial damage than the exploits themselves. For instance, following the BonkDAO hack, the token's market cap fell by nearly $140 million, far exceeding the $21 million direct loss. Other examples include the DRIFT token dropping 80% and Step Finance's token losing over 99% of its value, leading to the protocol's bankruptcy. The analysis notes that the real total damage is likely higher, as it excludes individual wallet breaches and broader ecosystem losses.

cryptonews.ru11h ago

Cryptomarket Loses $14 Billion Due to Hacks. What Was Special About 2026?

cryptonews.ru11h ago

XRP Bridge Drained of $200,000 After Software Mistook Fake Deposits for Real

A bridge connecting the XRP Ledger to the Coreum blockchain (operated by tx) suffered a loss of nearly 200,000 XRP (worth approx. $200k) due to a software bug on August 9, 2026. The vulnerability allowed an attacker to trick the bridge's software into recording fake deposits as real. Consequently, the system issued receipts for XRP that were never actually sent to the bridge's reserve wallet. Using these unbacked tokens, the attacker then bridged them back and withdrew real XRP from the reserve over a 97-minute period before the system was halted. The issue stemmed from a flaw in the relayers' code, which processed payments containing the bridge's memo without properly verifying the recipient's address first. Tx confirmed the exploit, paused the bridge, patched the code, and reported the incident to the FBI's Internet Crime Complaint Center. The stolen funds were quickly moved through multiple addresses. Compensation plans for affected users were not disclosed.

cryptonews.ruYesterday 20:34

XRP Bridge Drained of $200,000 After Software Mistook Fake Deposits for Real

cryptonews.ruYesterday 20:34

They Made Huge Profits from the Latest XRP Hacking Incident

Bridge Operations Halted Following XRP Exploit: $200K Stolen A critical vulnerability in the software of a bridge connecting the XRP Ledger (XRPL) to the "tx" transaction network was exploited on August 9th, leading to the theft of approximately 200,000 XRP (worth roughly $200,000). The attacker manipulated the bridge's deposit detection mechanism, causing it to record transactions as successful deposits even though no actual XRP was sent to the bridge's address on the XRPL. This allowed the creation of unbacked, bridged XRP balances on the "tx" blockchain, which were then used to withdraw real XRP from the bridge's reserve. The incident is contained to the bridged XRP on the "tx" chain, with all other collateralized assets reportedly fully insured. User funds on centralized exchanges, decentralized exchanges, or held directly in blockchains were not affected. Following the discovery, the bridge connection was suspended. The security flaw has been identified and patched. The "tx" team is tracking the stolen funds, cooperating with blockchain analytics firms, and has filed a complaint with the FBI's Internet Crime Complaint Center (IC3). Management is considering options to compensate affected users and will pursue all legal avenues against the attacker. The XRPL bridge will remain offline until security audits and system upgrades are complete.

cryptonews.ruYesterday 20:06

They Made Huge Profits from the Latest XRP Hacking Incident

cryptonews.ruYesterday 20:06

Stripe-owned Bridge joins EU MiCA register after Luxembourg approval

Bridge, the Luxembourg-based stablecoin infrastructure company owned by Stripe, has been added to the EU's Markets in Crypto-Assets Regulation (MiCA) register following approval from Luxembourg regulators. This inclusion increases the number of MiCA-authorized electronic money token (EMT) issuers in the EU to 42. The approval follows Bridge's recent receipt of both a MiCA Crypto-Asset Service Provider (CASP) license and an Electronic Money Institution license from Luxembourg. The European Securities and Markets Authority's latest update also added three new CASP entries from Germany, bringing the total authorized CASPs to 324. The register showed no changes to asset-referenced token authorizations or non-compliant companies.

cointelegraph08/07 09:25

Stripe-owned Bridge joins EU MiCA register after Luxembourg approval

cointelegraph08/07 09:25

July Security Report: Total Losses Approximately $97 Million, Cross-Chain Bridge Attacks Concentrated with Over $35 Million

In July 2026, the cryptocurrency sector suffered total losses of approximately $97 million, with hacker attacks and contract vulnerabilities accounting for about $94 million. A significant trend was the shift in attack vectors from smart contract code to off-chain infrastructure, signature key leaks, and governance manipulation. Major incidents included: * **Ostium ($23.75M loss):** An attacker gained access to its off-chain price oracle signing system, manipulated BTC prices, and drained funds. * **AFX Trade Bridge ($24.15M loss):** The private validator key for its cross-chain bridge was compromised, allowing unauthorized withdrawals. * **BonkDAO ($20M loss):** An attacker acquired enough tokens to pass a malicious governance proposal and drain the treasury, exploiting low voting thresholds. * **Bonzo Lend ($9.05M loss):** A third-party oracle provider's signature verification was exploited to inject manipulated token prices. * **Verus Bridge ($7.55M loss):** A repeat attack exploiting the same unpatched bridge vulnerability. * **B2 Network ($3.86M loss):** An attacker seized the upgrade authority for a staking contract. Cross-chain bridges remained a prime target, with concentrated attacks causing over $35 million in losses. Phishing scams resulted in roughly $3 million in losses, employing sophisticated methods like fake mobile apps and physical counterfeit letters targeting Ledger users. Key takeaways are the acceleration of attacks on off-chain infrastructure, the persistent vulnerability of cross-chain bridges, and the rising prominence of governance-layer exploits. Recommendations include enhancing off-chain key management with multi-sig security, implementing stricter governance controls, and increasing user vigilance against phishing.

marsbit08/04 02:21

July Security Report: Total Losses Approximately $97 Million, Cross-Chain Bridge Attacks Concentrated with Over $35 Million

marsbit08/04 02:21

XDC Tech integrates Bridge’s stablecoin platform to bring on-chain stablecoin settlement to agentic AI commerce

XDC Tech, the institutional arm of the XDC Network, has integrated with Bridge's stablecoin infrastructure platform. This integration provides developers on XDC with direct access to Bridge's tools for converting between cash and stablecoins, virtual accounts, and multi-currency custody, eliminating the need to build compliance layers. The primary use case is enabling fast, on-chain stablecoin settlements for payments. Businesses can accept fiat currencies via Bridge's virtual accounts and receive near real-time settlement in stablecoins on XDC, bypassing traditional banking delays. This applies to trade finance, tokenized assets, and crucially, the emerging agentic AI economy. For AI agents, the partnership provides several key capabilities: machine-speed settlement (XDC finalizes transactions in ~2 seconds), regulated global fiat access via Bridge's licenses, dedicated virtual accounts as agent wallets, multi-currency custody for cross-border commerce, and compliance-by-design features like KYC/KYB. This infrastructure allows autonomous AI agents to transact seamlessly with real-world financial systems. The integration is a foundational step in XDC's roadmap to become a settlement layer for the agentic economy, where AI agents can conduct commerce at machine speed while meeting regulatory standards.

cointelegraph08/03 16:47

XDC Tech integrates Bridge’s stablecoin platform to bring on-chain stablecoin settlement to agentic AI commerce

cointelegraph08/03 16:47

AFX Trade Promises to Present "Goodwill Plan" on August 3 Following $24 Million Loss Incident

AFX Trade, a cryptocurrency platform, announced it will present a "goodwill plan" on August 3rd, following a security incident on July 22nd that resulted in a loss of $24.15 million. The company's brief update offered no specific details on compensation for affected users, investors, and employees, only urging calm while the team formulates next steps. The theft occurred from a USDC custody account on Arbitrum, with the stolen funds converted to Ethereum. Blockchain analysts traced the funds to a single wallet. AFX Trade and Arbitrum clarified the exploit targeted a third-party bridge, not Arbitrum's native bridge. An investigation revealed the attack began on July 9th with a social engineering scheme targeting a developer. The attacker then deployed malicious code within AFX's internal JFrog repository and infrastructure, eventually compromising bridge validators to authorize the fraudulent withdrawal. The company stated the exploit leveraged a "trust vulnerability," not a smart contract bug. AFX Trade's head of business development made an offer to the attacker, proposing they keep 30% of the funds as a white hat bounty if 70% is returned. The incident fits a 2026 trend identified by TRM Labs: while the number of crypto hacks hit a record, total losses decreased. However, infrastructure and operational breaches, though fewer, accounted for the majority of financial losses. The AFX breach is classified as an infrastructure incident involving private key compromise.

cryptonews.ru07/31 12:41

AFX Trade Promises to Present "Goodwill Plan" on August 3 Following $24 Million Loss Incident

cryptonews.ru07/31 12:41

Blockchain Platform WEMIX Hacked for $6.25 Million

Hackers exploited administrator privileges of a smart contract on the WEMIX blockchain platform, minting approximately 5.23 million unbacked $WEMIX tokens worth about $5.22 million. These tokens were swapped on a decentralized exchange for 30,736 $WEMIX and 724,198.27 $USDC.e, a version of USDC native to the WEMIX3.0 network. The attackers then bridged the $USDC.e to Ethereum and BNB Smart Chain, converting the funds to ETH and USDT and distributing them across multiple wallets, with some reportedly sent to centralized exchanges. Total losses are estimated at $6.25 million. In response, WEMIX halted nearly all services, suspended cross-chain bridges, and froze trading in affected liquidity pools. The platform is seeking to have the withdrawn assets frozen on exchanges. The incident caused the WEMIX stablecoin to depeg, plummeting 98% to $0.01. This follows a previous hack in February 2023, where attackers stole $8.65 million worth of $WEMIX from the Play Bridge.

cryptonews.ru07/27 11:15

Blockchain Platform WEMIX Hacked for $6.25 Million

cryptonews.ru07/27 11:15

Triple-A Hack Losses Rise to $11.8 Million

Triple-A payment service hack losses have grown to $11.8 million, with funds stolen from hot wallets across multiple chains including Ethereum, Polygon, and Arbitrum. The hacker consolidated the assets into a single Ethereum address. Triple-A confirmed the breach, stating customer funds were unaffected as they are held with third-party custodians, and the loss will be covered by reserves. Separately, the WEMIX project suffered a $724,000 hack where an attacker minted unauthorized stablecoins. The team has identified wallets and requested exchanges freeze assets. Simultaneously, Blockaid reported a ~$450,000 USDT exploit targeting the cross-chain protocol Garden Finance via an off-chain database breach of an independent solver. The protocol's smart contracts were not compromised. These incidents follow other recent security breaches, highlighting ongoing vulnerabilities in the crypto space.

cryptonews.ru07/27 10:53

Triple-A Hack Losses Rise to $11.8 Million

cryptonews.ru07/27 10:53

Garden Finance disables app as Blockaid reports $450,000 exploit

Garden Finance has temporarily taken its app offline following an incident reported by Blockaid involving approximately $450,000. Blockaid stated an attacker drained funds from Garden's hash time-locked contracts (HTLCs) on multiple blockchains. However, Garden Finance clarified that its protocol and HTLC smart contracts were not compromised. The company attributed the loss to a breach of an independent solver's off-chain database, where fraudulent records caused the solver to release its own funds for unfunded swaps. Garden emphasized no user funds were lost or at risk, with the incident confined to solver-owned assets. The firm is working with security companies to trace and recover the funds and expects to restore services after completing security reviews. This follows a previous solver-related breach in October 2025.

cointelegraph07/27 09:55

Garden Finance disables app as Blockaid reports $450,000 exploit

cointelegraph07/27 09:55

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