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RE: Nomad Bridge Got Exploited!

in LeoFinance3 years ago

Not the first won’t be the last this one is tiny compared to the wormhole one, all bridges are central points of failure and potential double spend because you’re trusting a central entity or smart contract and centre slides price oracles which you can’t overcome so one of the 3 are often manipulated be that internally or through an exploit from a third party

Cross asset management is a lie because a blockchain cannot enforce rules on another blockchain so it’s always doomed to fail