# 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.

WEMIX says attacker moved about $724,000 after contract breach

WEMIX reported a security breach where an attacker gained control of a contract linked to its WEMIX$ stablecoin, issuing approximately 5.23 million unauthorized tokens. These were converted into 30,736 WEMIX and 724,198.27 USDC.e. The attacker bridged the USDC.e to Ethereum and BNB Smart Chain, swapping for assets like Ether and USDT, and distributed them across multiple addresses, with some funds deposited into centralized exchanges. WEMIX has identified the attacker's wallets, requested freezes from exchanges and issuers, and confirmed some addresses have been frozen. In response, the company temporarily suspended all bridges to its WEMIX3.0 network, affected liquidity pool trading, and services like the WEMIX$ Module and PNIX DEX. The cause, full impact, and final figures are under investigation.

cointelegraph07/27 09:42

WEMIX says attacker moved about $724,000 after contract breach

cointelegraph07/27 09:42

Hackers’ Day | July 23: $35.5M Lost. A Reminder That Security Is a Shared Responsibility

On July 23, a series of major DeFi security incidents resulted in combined losses of approximately $35.5 million within six hours. The attacks primarily exploited vulnerabilities in cross-chain bridge infrastructure and supporting systems, rather than the underlying blockchains themselves. These events underscore that security is a shared responsibility across the crypto industry, extending far beyond smart contracts to include infrastructure resilience and operational safeguards. The report highlights the need for continuous industry-wide improvements in areas such as independent audits, proof of reserves, protection funds, and transparent risk management. It also provides safety tips for users, emphasizing the importance of evaluating a platform’s security measures and transparency before depositing funds. Finally, the article outlines WEEX exchange’s security framework, which includes a 1,000 BTC Protection Fund, 1:1 Proof of Reserves, and enterprise-grade infrastructure, developed over eight years of operation. The core message is that effective security is built proactively, through long-term commitment and industry-wide collaboration, not merely in response to incidents.

TheNewsCrypto07/24 07:29

Hackers’ Day | July 23: $35.5M Lost. A Reminder That Security Is a Shared Responsibility

TheNewsCrypto07/24 07:29

AFX Bizarre Theft Case: Audit Report Full of Holes, Suspected Parent Company is Crypto Exchange Phemex

The decentralized perpetual exchange AFX suffered a hack on its cross-chain bridge, resulting in the theft of over $24 million, effectively draining the protocol's TVL. Following the incident, scrutiny fell on a security audit report released in early June by firm Zellic. The report itself raised significant red flags, stating it only covered part of the bridge's components, lacked testing of critical security paths, and was conducted without access to a live or local environment for proper validation. Prominent figures, including MetaMask's Taylor Monahan, criticized the report as alarming, noting numerous confirmed issues were left unaddressed and suggesting the team exhibited negligent security practices, potentially with a single point of control. Further investigation reveals strong ties between AFX and the centralized exchange Phemex. Key evidence includes a core AFX team member's previous role as Phemex's Head of Listing, overlapping social connections, Phemex's now-deleted blog posts actively promoting AFX, and nearly identical brand aesthetics. Notably, Phemex itself experienced a major $70+ million hack in January 2025, attributed at the time to North Korean hackers. The close association between the two entities, coupled with AFX's deeply flawed audit and subsequent major breach, raises serious questions about security standards and potential internal risks, leaving the true nature of the incident—whether another external attack or an internal scheme—unclear.

链捕手07/24 07:14

AFX Bizarre Theft Case: Audit Report Full of Holes, Suspected Parent Company is Crypto Exchange Phemex

链捕手07/24 07:14

Midnight Token Falls After $13M Wanchain Bridge Exploit

Midnight's NIGHT token plummeted roughly 30% following a $13.2 million exploit on a Wanchain cross-chain bridge. The attacker drained 515 million NIGHT tokens by exploiting a signature reuse flaw in the bridge's infrastructure, not the core Cardano or Midnight networks. This incident highlights the persistent vulnerability of cross-chain bridges, which are critical for asset transfers but introduce complex security risks. While the underlying blockchains remained secure, the token's price suffered due to liquidity disruption and lost market confidence. The response from Wanchain, including pausing the affected bridge and providing clear communication on recovery efforts, will be crucial for stabilizing the situation. The event serves as a reminder for traders to factor in bridge-related risks when evaluating tokens reliant on cross-chain liquidity.

bitcoinist07/21 22:17

Midnight Token Falls After $13M Wanchain Bridge Exploit

bitcoinist07/21 22:17

XRP Ledger Axelar Integration Opens A New Cross-Chain DeFi Route

The XRP Ledger has integrated with Axelar's interoperability stack, enabling XRP and other XRPL-native assets to move into cross-chain DeFi environments on EVM and Cosmos-based networks. This provides a bridge for XRP's significant liquidity to reach a wider array of decentralized finance applications beyond its native ecosystem. Importantly, the integration does not make XRPL a native EVM chain; it focuses on improving connectivity and utility. The move addresses the growing market expectation for multi-chain asset usability. However, the ultimate success of this integration depends on actual user adoption, the building of liquidity in DeFi protocols, and the development of practical cross-chain applications utilizing XRP.

bitcoinist07/21 22:01

XRP Ledger Axelar Integration Opens A New Cross-Chain DeFi Route

bitcoinist07/21 22:01

Digging deep into Wanchain’s Cardano-BNB Bridge exploit – How $9M NIGHT vanished in hours

Wanchain's Cardano-BNB Bridge was exploited due to a cryptographic vulnerability in its TreasuryCheck validator, known as non-injective signed-message encoding. This flaw allowed multiple withdrawal requests to generate the same encrypted message, enabling an attacker to reuse a legitimate signature to authorize fraudulent transactions. As a result, approximately 515 million NIGHT tokens, valued at $9 million, were drained from the bridge's treasury. The stolen tokens were subsequently laundered into ADA on the Cardano network. Wanchain has since halted the bridge and confirmed the incident was isolated, not affecting Midnight's network or Cardano's core blockchain. This exploit is part of a series of recent attacks on cross-chain protocols, though overall crypto losses have reportedly declined year-over-year.

ambcrypto07/21 11:32

Digging deep into Wanchain’s Cardano-BNB Bridge exploit – How $9M NIGHT vanished in hours

ambcrypto07/21 11:32

Allbridge exploit: Flash loans still haunt DeFi – $1.65M drained via USDC/USDT pool

Allbridge, a decentralized cross-chain bridge, suffered a $1.65 million exploit after an attacker used a $1.12 million USDC flash loan to manipulate its USDC/USDT liquidity pool. By performing repeated swaps, the attacker distorted the pool's price ratio, allowing them to withdraw nearly $950,000 in USDT at a favorable rate. The stolen funds were then bridged from Solana to Ethereum. In response, Allbridge suspended its Core service and urged users to withdraw liquidity, causing its Total Value Locked (TVL) to drop sharply from $21.61 million to $12.78 million. The attack highlights ongoing vulnerabilities in DeFi pricing mechanisms and the need for enhanced security in cross-chain protocols as they attract significant capital.

ambcrypto07/20 08:32

Allbridge exploit: Flash loans still haunt DeFi – $1.65M drained via USDC/USDT pool

ambcrypto07/20 08:32

Allbridge Suspends Core Protocol After $1.65M Solana Flash Loan Exploit

Cross-chain protocol AllBridge Core suspended operations after suffering a $1.65 million flash loan exploit on its Solana deployment. The attacker manipulated a stablecoin pool's exchange rate using a $1.12 million USDC loan from Kamino, creating a price imbalance to perform a profitable arbitrage. Stolen funds were moved to Ethereum via privacy pools. This is the protocol's second such attack, following a $573,000 exploit in April 2023. The suspension causes operational delays, reduces cross-chain liquidity, and highlights persistent security vulnerabilities in bridge protocols and automated market maker systems.

TheNewsCrypto07/20 07:41

Allbridge Suspends Core Protocol After $1.65M Solana Flash Loan Exploit

TheNewsCrypto07/20 07:41

Mantle’s Chainlink CCIP Migration Puts Bridge Risk Back In The Spotlight

Mantle is migrating its Super Portal bridge infrastructure to Chainlink's Cross-Chain Interoperability Protocol (CCIP), highlighting the persistent critical importance of bridge security in crypto. Cross-chain bridges represent a concentrated risk point where failures have led to billions in losses. This migration signifies Mantle's strategic move to reduce reliance on more fragile bridge assumptions and adopt a cross-chain framework with a broader, more robust security model. For the market, this development is a tangible signal of infrastructure strengthening rather than mere speculative news. Its significance will depend on follow-up data confirming increased security, developer adoption, and real user impact, separating it from short-term market noise. The move also positions Chainlink's CCIP as an increasingly standard cross-chain messaging layer adopted by major ecosystems.

bitcoinist07/14 21:47

Mantle’s Chainlink CCIP Migration Puts Bridge Risk Back In The Spotlight

bitcoinist07/14 21:47

Blockaid withdraws BTTC bridge exploit alert after shutdown operation confirmed

Blockchain security firm Blockaid retracted an alert about a potential $13.3 million exploit on the BitTorrent Chain (BTTC) Bridge. The firm had initially flagged suspicious on-chain activity involving the movement of assets like 7,285 ETH. However, Tron founder Justin Sun clarified the transactions were part of the authorized completion of the BTTC Bridge Sunset Program, an internal operation to shut down the bridge. Blockaid updated its assessment, confirming it was not an exploit. The bridge shutdown had been announced in June, with users instructed to migrate assets by a set deadline. All user funds remain safe, and the project will shift focus to decentralized AI initiatives.

ambcrypto07/07 20:53

Blockaid withdraws BTTC bridge exploit alert after shutdown operation confirmed