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Bridge Hacks Continue: $5.7M Lost in Past Week
Three blockchain bridges—Allswap, Across Protocol, and TeleSwap—were exploited in the past week, losing a combined $5.7 million. This brings the year's total bridge hack losses to over $355 million across 20 incidents.
Why It Happened
The crypto sector continues to see frequent bridge exploits due to persistent vulnerabilities in cross-chain infrastructure, with attackers targeting these protocols for quick gains.
Outcome So Far
Funds stolen; projects investigating; no recovery reported yet.
Actors
Across ProtocolFast, capital-efficient cross-chain bridgeAcross is an optimistic cross-chain bridge secured by UMA’s optimistic oracle. It is optimized for capital efficiency with a single liquidity pool, a competitive relayer landscape, and a no-slippage fee model.
TeleSwapBorderless cross-chain swaps via TelegramTeleSwap is a Telegram mini app Cross-Chain Swap Exchange built on The Open Network. The exchange is backed up by TON blockchain and Ston.fi. What makes it outstanding is that exchange doesn't ask for wallet connect or previous sign up. Our main goal is to create a space without borders and show the crypto space what a true decentralisation means. Aswell we are partnering with all project with huge potential and offering them a help by providing our bridging service and crafting unique API and widgets.
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Article
Protos Reports Three Bridge Hacks in One Week
Protos article details that Allswap, Across Protocol, and TeleSwap lost a combined $5.7 million to exploits in the past week, bringing the year's total bridge hack losses to over $355 million across 20 incidents.