AFC Trends and Typologies: Cross Chain Attacks and Blockchain Bridges
Crypto Series Two #2/4
Blockchain bridges offer a solution for one of the main pain points within blockchains — interoperability between blockchain assets. While bridges open new markets and work toward a brighter multi-chain future, they come with their own security challenges, as proven by several huge multimillion USD exploits. In 2022 alone, over $2bn in assets were stolen from token bridge exploits. Both centralized bridges such as wrapped bitcoin (WBTC) and decentralized protocols are subject to financial crime risks including hacking, account takeovers or fraud. This webinar will examine how these attacks happen, the perpetrators, and the combination of AFC controls and security measures which could protect customer funds and crypto businesses.
Learning how to protect your assets and business from social engineering
Building security measures that offset the risk presented by moving assets through a cross-chain bridge
Providing customers with the confidence to use centralized or decentralized bridges to enable the potential of blockchain technology
FinTech and Innovation Specialists
Law Enforcement/Government Investigation Skills