Understanding Crypto Bridges and $1 Billion in Thefts: QuickTake

There’s a reason bridges are more important than an average stretch of road -- and why holes in them are more dangerous. As the cryptocurrency world has grown more complex, more and more transactions have come to rely on so-called crypto bridges that enable transactions involving a wide range of tokens. A roughly $600 million hack of the Ronin bridge in March brought the total stolen from bridges in a year’s time to more than $1 billion, a stark reminder that just because something is useful, fast and cheap doesn’t mean it’s safe.

1. What’s a crypto bridge?

A platform ...