Not Quite Water Under The Bridge: Review Of Cross-chain Bridge Hacks - Sebastian Banescu

As the blockchain industry shifted towards a multi-chain world, bridges became an important part of the ecosystem. Designs of bridges vary and could range from quite primitive to extremely complex. Bridge hacks have led to a loss of over 1 billion USD worth of cryptocurrencies in the past year. In this talk, we provide a breakdown of high level components and different processes of bridges and identify their risks. We will then deep dive into past hacks that specifically targeted bridges. Speaker Sebastian Banescu Sebastian is a Senior Research Engineer at Quantstamp Inc. and the Managing Director of Quantstamp Germany GmbH. He holds a Ph.D in Computer Science from the Technical University of Munich. His research spans several areas of computer security such as smart contract analysis, cyber-insurance, reverse engineering, malware detection, software protection, and privacy. Before joining Quantstamp, Sebastian worked as a security specialist at BMW. Before Pursuing his Ph.D he also worked as a security engineer at Philips TV in the Netherlands. In his free time, he enjoys building Lego sets with his son.