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In the crypto space, Chainlink is rolling out updated bridge software designed to close the security gaps that cost a rival platform two hundred ninety two million dollars. The new system lets companies layer in custom security checks, addressing the single-point-of-failure problem that has made cross-chain bridges some of the most tempting targets in decentralized finance.
That vulnerability is on full display in a separate story, where THORChain has refused a request from crypto exchange Bitget to block wallet addresses linked to a three hundred eighty seven point five million dollar theft. Twenty seven successful swaps have already moved roughly two thousand three hundred ninety ethereum into bitcoin, and with the protocol declining to intervene, the funds appear to be gone.
On a very different front, a twenty two year old former US Army soldier named Cameron John Wagenius has been sentenced to seventy months in federal prison for hacking telecom companies while on active duty. He stole sensitive phone records and attempted to extort more than one million dollars from his victims, pleading guilty earlier this year to wire fraud and unlawful data transfers.
That is your Tech Beat for today. Stay sharp out there, and keep surfing. Tech Beat out.
