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Allbridge releases a Stacks token bridge. This bridge will connect Stacks to 19 chains including Ethereum, Polygon, and Solana. This work was made possible through support early on from Daemon Technologies and Stacks Foundation grants. With the release of the new bridge, you’ll have a smooth sailing experience when transferring your tokens and more freedom to move your assets between different networks, taking advantage of the unique perks that 19 different chains offer. Transactions on Stacks layer automatically settle on Bitcoin, enabling you to build apps and digital assets that are integrated with Bitcoin security. All bridge is a platform dedicated to building bridge s between different blockchain networks, fostering seamless communication and interoperability. Their expertise lies in connecting various ecosystems, with a particular emphasis on non-EVM chains like Stacks. This focus allows them to cater to a diverse range of projects and communities seeking efficient and sec...

Solana has advanced significantly in the DeFi, NFT, and Web3 markets since its launch in April 2019. Hundreds of projects are currently underway in Solana , and more are soon to follow. According to Solana’s website, “low cost, forever” is the company’s main selling proposition. The network is engaged in direct competition with several blockchains, including Ethereum. Even though there is competition between different blockchains, users would want to bridge from Solana to the Ethereum network. Before we dive into the detailed steps on how to bridge, let us understand what is bridging. Bridging in a nutshell Bridging is nothing but the process of transferring tokens or coins from one blockchain to another one. This is essential as there exist multiple blockchains with each one having their native tokens or coins. The Bridge helps to move the assets from one blockchain to another, making the process easier. The process exists in general, especially for cryptocurrencies that don’t ...

Allbridge offered a hacker who pilfered $573,000 from its platform a chance to come forward as a white hat and forgo any legal ramifications. The attacker behind a $573,000 exploit on the multi-chain token bridge, Allbridge, has been offered a chance by the firm to come forward as a white hat and claim a bounty. Blockchain security firm Peckshield first identified the attack on April 1, warning Allbridge in a tweet that its BNB Chain pools swap price was being manipulated by an individual acting as a liquidity provider and swapper, which allowed them to drain the pool of $282,889 in Binance USD (BUSD) and $290,868 worth of Tether (USDT). In an April 1 tweet following the hack, Allbridge offered an olive branch to the attacker in the form of an undisclosed bounty and the chance to escape any legal ramifications. To hacker's attention: addressing the incident and the next steps 1. We continue monitoring the wallets, transactions, and linked CEX accounts of individuals involved in t...