Hyperbridge
Coverage of Hyperbridge in the Nexus archive.
- almost 1b wiped out of the market only in hacks is actually insane
April 2024 was the worst month for crypto hacks, with over $600 million lost in incidents including major breaches at KelpDAO ($293M) and Drift ($285M). Additional hacks at platforms like Rhea Lend, Grinex, and smaller protocols like CoW Swap and Hyperbridge contributed to cumulative losses, highlighting systemic vulnerabilities in the crypto ecosystem.
- almost 1b wiped out only in hacks is actually insane
April was the worst month for crypto hacks in a long time, with over $1 billion lost across multiple incidents. Major breaches included KelpDAO ($293M) and Drift ($285M), followed by smaller but significant attacks on platforms like Rhea Lend, Grinex, and others including CoW Swap, Hyperbridge, and Bybit.
- Polkadot-Ethereum Bridge Hack Losses Were 10x Worse Than Reported, Team Admits
Hyperbridge, a Polkadot bridge protocol, admitted that losses from this week's hack were 10 times worse than initially reported, totaling approximately $2.5 million.