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Benzinga

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Benzinga Contributor

SHOCKING: Saylor obtains bitcoin collateralised loan to buy more bitcoin - What They Never Told You

Marcus Sotiriou United Kingdom WisdomTree

Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

Bitcoin (CRYPTO: BTC) dropped in the early hours of the morning, after the largest blockchain game Axie Infinity (CRYPTO: AXS) suffered a $625 million hack. According to the company behind Axie Infinity, Sky Mavis, “The attacker used hacked private keys in order to forge fake withdrawals.” There is clearly an issue where people are building bridges that are being secured by just one computer, hence being centralised. These bridges allow efficient transfer of value across chains but are not secure in most cases.

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