Arjun Bhuptani, founder of Connext and bridging expert, breaks down the Ronin bridge exploit that led to a hacker stealing $600 million+ and discusses different bridge designs that could limit future attacks. Show highlights:

  • how a hacker was able to drain more than $600 million from Ronin bridge
  • the difference between DeFi hacks and the Ronin bridge exploit, which was a social-engineering based attack
  • why multisig bridges are susceptible to social engineering attacks
  • why Arjun believes the Ronin hacker is a sophisticated entity
  • whether Sky Mavis will be able to reimburse users
  • the different attack vectors for cross-chain bridges
  • what Arjun thinks about different bridge designs

https://youtu.be/MrBTzNvx14c

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Episode Links

Arjun Bhuptani

Ronin Hack