Wanchain

<h4><strong>The DeFi community has long been concerned about the security of Wrapped BTC bridges. Ethereum co-founder Vitalik Buterin once expressed concerns over possible losses in 2020. When news emerged that FTX had become the latest crypto exchange to collapse and file for bankruptcy, such warnings came to the mind of many.</strong></h4><p>The once towering exchange with a valuation of over $20 billion was reduced to nothing in a few days. FTX’s decline highlights why decentralized projects such as the Wanchain bridge are a great solution for bridging tokens. Platforms with exposure to FTX are currently counting their losses. For example, Sollet Bitcoin (soBTC), or Solana “Wrapped Bitcoin“, a Solana-based crypto asset tied to the price of bitcoin, saw a huge decline in value over the weekend. Read more <a href="https://www.altcoinbuzz.io/spotlight/wanchain-a-reliable-decentralized-bridge/" rel="noopener noreferrer nofollow">here</a>.</p>

Wanchain: A Reliable Decentralized Bridge

Altcoin Buzz

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