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Overview
Chainflip is a decentralised cross-chain swap protocol that moves native assets between blockchains without wrapped tokens. It uses a validator network running threshold signature schemes to control vaults on each supported chain. The Berlin team designed the system so that users can swap bitcoin for ether directly with no bridging step.
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Chainflip to Block Bybit Hack Funds With New Protocol Upgrade
Chainflip suggested the upgrade, expected to go live within 72 hours, would provide robust and permanent protection for LPs on the network.
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Chainflip locks out Bybit hacker with protocol upgrade
Chainflip's emergency upgrade enhances security, preventing Bybit hackers from moving stolen funds through its crosschain protocol.
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Berlin
Germany
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