Cross-chain bridges like LayerZero and Wormhole have seen a surge in transaction volume, but frequent security vulnerabilities are raising concerns. On X, users are discussing how new cross-chain protocols can enhance both security and interoperability. While cross-chain bridges enable assets to flow seamlessly between different blockchains, their centralized nature makes them vulnerable to attacks. The rise in hacks has prompted a demand for solutions that improve safety while maintaining the ability to interact with multiple chains. New protocols are focusing on decentralization, encryption, and consensus mechanisms to address these issues, offering a promising future for cross-chain interactions without compromising on security.
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Coinbase, the largest U.S. crypto exchange, reported a cyberattack on May 11, 2025, breaching a small subset of customer data, including names and emails. The attack could cost $180-$400 million, prompting a $20 million reward for information. The U.S. Department of Justice is investigating, highlighting cybersecurity vulnerabilities in crypto. Coinbase assures no login credentials were compromised, but consumer confidence may waver. The incident underscores the need for robust security as crypto adoption grows. Regulatory scrutiny of exchanges is expected to intensify.
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Zcash unveiled Halo 3 on May 11, a recursive zero-knowledge proof system, per X posts. It eliminates trusted setups, improving transaction privacy. The upgrade boosted ZEC’s on-chain activity by 30%, but integration complexities may delay adoption in DeFi platforms.
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