Connext, Alchemix starting up corrupt-chain token unprecedented to minimize bridge exploit losses

Connext, Alchemix originate wicked-chain token long-established to carve bridge exploit losses

The Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token issuers to maintain a list of official bridges and control how many tokens can be minted by each. In addition to Connext, decentralized finance (DeFi) platform