Hashoshi breaks down the UGLY truth about crypto bridges and an urgent warning for cryptocurrency holders on Ethereum, Solana, Cardano, Avalanche, Polygon, and virtually any other blockchain that connects to other networks via bridges.
A great Certik resource analyzing crypto bridge hacks and exploits:
The Ronin Bridge, Poly Network, Wormhole Bridge, Horizon Bridge Harmony ONE, and more have suffered huge hacks or exploits and lost billions of dollars of crypto… how can you protect yourself?
⚠️ Important ⚠️ The opinions and information presented in this video are strictly my own, or those of the interviewee featured in the episode, and are not representative of any other individual or entity. The content provided in this video is informational in nature and does not constitute financial advice, advice of any other nature, nor a call to action to purchase cryptocurrency assets of any kind. It is the responsibility of the viewer to conduct independent research and due diligence before making any financial or investment decisions related to the subject matter published on this channel, whether sponsored or unsponsored. Sponsorships, which are clearly disclosed, are informational in nature and do not constitute a call to action to purchase cryptocurrency, nor a direct endorsement from Hashoshi. This channel does not offer the purchase or sale of securities.
Hashoshi is not responsible, directly or indirectly, for any damage or loss caused by, alleged to be caused by, or in connection with the use of or reliance on any content, goods or services mentioned in this published media.
🎉 // THE CRYPTO STARTER PACK // 🎉
👾 Follow Hashoshi’s Crypto Over Coffee Podcast: https://anchor.fm/lho
🇺🇸 Trade crypto in a tax-advantaged account with an iTrustCapital crypto IRA: https://itrust.capital/hashoshi
🔐 Protect your crypto accounts with Yubikey 2FA: https://bit.ly/yubikey-5c-nfc
👨💻 Secure your web traffic with a VPN: https://youtu.be/vvE-8EvaEKk
🦁 Try the best web browser, Brave: http://bit.ly/2O1koBZ
^ affiliate links above
NOTE: I will not reach out to you on Whatsapp, Telegram or any other social media to promote, sell, or ask for cryptocurrency/money. Scammers impersonate me often. Check that the handle is hashoshi4 at all times.
⏰ // Timestamps // ⏰
0:00 The UGLY TRUTH: crypto bridges
0:31 A multi-billion dollar problem
2:42 What are bridges and how do they work?
5:19 Why are bridge hacks so prevalent?
6:08 Example of risks to Trusted Bridges
7:07 Example of risks to Trustless Bridges
8:23 How to protect yourself!
11:18 DO NOT FORGET THIS!
11:41 Check out this URGENT security best practice
🛑 // DISCLAIMERS & TRANSPARENCY // 🛑
🔺 This description box contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission.
The information in this video is an opinion and is for informational purposes only. It is not intended as investment advice, tax advice nor legal advice, nor does it represent any entity’s opinion but my own. Seek a duly licensed professional for investment advice. No guarantees are being made, nor promises rendered of financial gain or other benefit in this highly speculative market.
#Hashoshi #Cryptocurrency #Crypto