InterviewApart from the many instances where cryptocurrency holders get socially engineered (hoodwinked) into turning over their crypto or their account credentials to extremely clever and tenacious hackers (essentially, “user error”), the leading cause of cryptocurrency theft is a vulnerable cross-chain bridge. In fact, on the same day of this interview with LayerZero co-founder and CEO Bryan Pellegrino was recorded at the Harvard Blockchain Conference, the AllBridge cross-chain bridge was exploited for approximately $574,000. Most of it was returned one week later. Nevertheless, cross-chain bridges continue to be the soft-white underbelly of the blockchain industry.
By David Berlind
Published:April 11, 2023