How are crypto bridges hacked?

Bridge hacks are a significant concern in the cryptocurrency landscape, categorized into two primary types. The first type involves code attacks, which meticulously exploit vulnerabilities present within smart contracts. These vulnerabilities, once discovered, can be Leveraged by malicious actors to compromise the integrity of the bridge.

It's essential to note that these types of hacks are not exclusive to bridges but are part of the broader spectrum of crypto hacking and phishing attacks. The cryptocurrency ecosystem, by its decentralized and often unregulated nature, attracts a wide range of actors with varying motivations and skillsets.

Code attacks underscore the importance of rigorous testing and auditing of smart contracts before their deployment. The slightest oversight in the coding process can lead to devastating consequences, exposing users' funds to potential theft.

The second type of bridge hack revolves around network design attacks, often executed through sophisticated social engineering tactics. These attacks target not just the technical infrastructure but also the human element involved in managing and operating the bridge.

Network design attacks emphasize the need for robust security protocols and rigorous employee training. Regular security audits and awareness programs can help mitigate the risk of such attacks, ensuring that bridges remain resilient against external threats.