Kenya's Markets Regulator Seeks Blockchain Tool to Track Crypto Crime
The Capital Markets Authority wants to monitor over 20 blockchains for fraud, laundering, and sanctions evasion under Kenya's new crypto law.
Crypto News·
Blockchains cannot talk to each other on their own. Bridges are the software that moves value between them, and they have leaked more money to hackers than any other kind of crypto infrastructure, billions across a handful of catastrophic breaches.…
Read full articleThe Capital Markets Authority wants to monitor over 20 blockchains for fraud, laundering, and sanctions evasion under Kenya's new crypto law.
The post What are cross-chain bridges? Why they keep getting hacked appeared on BitcoinEthereumNews.com. Blockchains cannot talk to each other on their own. Bridges are the software that moves value between them, and they have leaked more money to hackers than any other kind of crypto infrastructure, billions across a handful of catastrophic breaches. Here is how bridges actually work, the different trust models behind them, and why the connective tissue of crypto is also its most dangerous single point of failure. Summary Cross chain bridges move assets and data between separate blockchains by locking, burning, or swapping tokens through different trust models. The security of a bridge depends largely on how it verifies transactions, with cryptographic models offering stronger protection than signer based systems. Bridges remain one of crypto’s biggest security risks because they hold large pools of assets and rely on complex infrastructure that has repeatedly been targeted by hackers
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