After $10M Wanchain Bridge Hack, Charles Hoskinson Says Crypto Must Change

🎬 After $10M Wanchain Bridge Hack, Charles Hoskinson Says Crypto Must Change
Input Output CEO and Founder Charles Hoskinson joins CoinDesk's Jennifer Sanasie hours after a $10 million exploit drained Wanchain's Cardano-to-BNB Chain bridge of 515 million NIGHT tokens. Hoskinson explains why bridge hacks are inevitable without zero-knowledge infrastructure and what wallet insurance, selective identity disclosure, and privacy tech like Midnight would mean for an industry that still leaves victims with no recourse.
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➤ Charles Hoskinson discusses the inevitability of bridge hacks like the recent $10M Wanchain exploit, attributing them to a lack of zero-knowledge infrastructure.
➤ He advocates for enhanced security through ZK systems, selective identity disclosure via tools like Midnight Passport, and the development of wallet and bridge insurance to protect victims.
➤ Hoskinson emphasizes that these advancements are crucial for the crypto industry's maturation, mainstream adoption, and regaining trust by providing recourse for victims.

#Wanchain #bridge hack #Charles Hoskinson #Cardano #BNB Chain #zeroknowledge #Midnight #wallet insurance #identity disclosure

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