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Chainalysis Estimates $2B Stolen From Cross-Chain Bridge Hacks This Year
This week, hackers used a vulnerability on the Nomad bridge to steal $190 million worth of crypto.
Updated May 11, 2023, 5:44 p.m. Published Aug 4, 2022, 11:28 a.m.
Blockchain analytics company Chainalysis said it estimates that $2 billion worth of crypto has been siphoned out of cross-chain bridges this year, including this week's $190 million Nomad bridge exploit.
- In a report earlier this week assessing the security vulnerabilities of cross-chain bridges, Chainalysis estimate that this type of hack accounts for 69% of all stolen crypto funds this year.
- Cross-chain bridges are used to send tokens between blockchains and are a popular tool used by the crypto community. Chainalysis said that the underlying technology of cross-chain bridges is still in its infancy and that many new models are being tested, leaving the software open to attack.
- The most notable of the 13 cross-chain attacks this year was the Ronin Bridge exploit, which saw the protocol lose $625 million in ether and USDC after being targeted by North Korean hacking group Lazarus.
- This week, hackers exploited a vulnerability in Nomad, a popular bridge that is used to transfer assets from Moonbeam and Evmos to Ethereum.
- "Bridges are an attractive target because they often feature a central storage point of funds that back the 'bridged' assets on the receiving blockchain," the report said.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
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