AmericanFortress Publishes a Zero-Knowledge Proof That Stops Bridges Paying the Wrong Wallet
Bybit lost $1.5 billion in February 2025 when the people approving a routine transfer signed a transaction whose real destination was not the one on their screens, according to Chainalysis. In December a single trader lost $50 million by copying an address from his own transaction history that an attacker had planted there. Another lost $12.25 million the same way in January, ScamSniffer reported. None of these thefts broke a private key.
Value stolen from crypto services and individuals by year, US dollars.
Each of them worked because a blockchain will send money to any valid address and has no way of knowing whether that address belongs to the person the sender meant to pay. AmericanFortressis publishing research that gives a bridge, an exchange or a recipient a way to check exactly that, using a zero-knowledge proof that two wallets on two different chains share one hidden...
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