Arbitrum Bridge Incident Traced to Third-Party DEX

Laura Shin has shed light on a recent incident involving the Arbitrum bridge. The bridge was allegedly hacked, but this claim has been disputed by Offchain Labs, the company behind the technology.

According to Shin, the real reason for the issue lies with a third-party perpetual DEX's own bridge, not the native Arbitrum bridge itself.

This correction aims to prevent panic among users and maintain trust in the ecosystem. Shin has covered various sector developments, including Ethereum's larger pool of contributors and validators compared to Solana, and shifts in regulatory sentiment, such as the Bitcoin volatility index pricing in the Clarity Act ahead of the U.S. Senate's August recess.