This hack just happened in time and caught the 2023 train just before it finally left. And just like that, another bridge has fallen. The list has already been long and I don't think Orbit Chain is the last to succumb. Cross-chain bridges may be helpful but highly risky. People should be avoiding it.
In 2022 alone, there were already at least 13 cross-chain bridges that were hacked and billions were lost. It continued last year, with Multichain losing $125 million. The final day also had the final hack with a damage of $81 million. I hope 2024 will have low numbers in terms of hack and stolen funds.
A really never ending thing on which hacks and exploits would really to continue as long everything is really that built up by codes. There no such thing about perfect security and there would really be those loopholes that might be discovered and this is where security things do kicks in. I can say that we do have least hack incidents as of this year comparing into those previous ones. We've been able to see still have those hacks in the past In 2022 alone, there were already at least 13 cross-chain bridges that were hacked and billions were lost. It continued last year, with Multichain losing $125 million. The final day also had the final hack with a damage of $81 million. I hope 2024 will have low numbers in terms of hack and stolen funds.
even though the numbers are less into that year 2023 but still a devastating one. This is why its never been that recommended on storing up your coins into something which you dont possess the keys or
even into those bridges on which i dont really have that much confidence on making use of it.
Somewhat it is really something unavoidable on not to make use of these services knowing that it is really that always been part on day to day transactions specially if you are an active
trader or investor on which you would really be making use of these things.
