RenBridge, a crypto bridge, was used by hackers and fraudsters to launder $540 million

RenBridge, a crypto bridge, was used by hackers and fraudsters to launder $540 million

According to blockchain research firm Elliptic, hackers, fraudsters, and others have laundered at least $540 million using the cryptocurrency bridge network RenBridge since 2020. The analysis was issued today by Elliptic researchers, who used RenBridge as an illustration of the hazards of decentralized cross-chain networks.