Celer launches cBridge mainnet, promising multi-chain compatibility
The launch of cBridge Version 1.0 comes with a user interface and node software. Layer-two scaling platform Celer Network has officially launched the mainnet version of cBridge, a multi-chain network that gives users the ability to more easily swap assets across multiple blockchains. With cBridge, users can instantly transfer tokens across Ethereum, Polygon, Binance Smart Chain and Arbitrum networks without experiencing any liquidity bottlenecks, Celer announced Thursday. The company claims that cBRidge solves many of the existing challenges preventing the full integration of layer-two....
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The platform asked users to revoke token approvals for smart contracts in several blockchains, including Ethereum and BSC. Interoperability protocol Celer Network (CELR) has asked its users to revoke the approval for several contracts after shutting down its cBridge over a suspected DNS hijacking. According to the project's initial analysis, there was some suspicious DNS activity at around 7 PM (UTC) on Aug. 17. However, the platform is still trying to investigate and know more about the issue at the time of writing. Meanwhile, as the platform continues to pinpoint the problem, the team....
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