Cybersecurity News in Asia

RECENT STORIES:

SEGA moves faster with flow-based network monitoring
From Defence Cooperation to Shared Security: Building a Resilient Paki...
Cyber insurers and legal professionals prepare for claims over harms b...
CyberDSA Sets 19 – 21 October 2027 Return as Industry Participat...
The “Awareness Gap” in Australian enterprise security
How CISOs can set human boundaries for autonomous cybersecurity
LOGIN REGISTER
CybersecAsia
  • Features
    • Featured

      How CISOs can set human boundaries for autonomous cybersecurity

      How CISOs can set human boundaries for autonomous cybersecurity

      Wednesday, October 7, 2026, 11:05 AM Asia/Singapore | Features, Newsletter, Tips
    • Featured

      Securing the agentic enterprise – at machine speed

      Securing the agentic enterprise – at machine speed

      Tuesday, October 6, 2026, 5:00 PM Asia/Singapore | Features, Newsletter
    • Featured

      Why businesses need to treat AI agents like privileged insiders

      Why businesses need to treat AI agents like privileged insiders

      Thursday, October 1, 2026, 10:00 AM Asia/Singapore | Features, Opinions, Sponsored
  • Opinions
  • Tips
  • Whitepapers
  • AWARDS 2026
  • Directory
  • E-Learning

Select Page

Features

Blockchain exploits highlight cross-chain security flaws

By Victor Ng | Friday, November 21, 2025, 10:30 AM Asia/Singapore

Blockchain exploits highlight cross-chain security flaws

A US$11 million blockchain exploit last month has reignited questions about how secure today’s cross-chain infrastructure really is.

In October 2025, the Garden bitcoin bridge suffered a roughly US$11 million loss after one of its solvers was compromised. These solvers essentially act as market makers for the protocol.

Attackers once again targeted weaknesses between networks, not the chains themselves, exposing how interoperability remains the blockchain industry’s most fragile layer.

A few months ago, in June 2025, Taiwanese cryptocurrency exchange BitoPro disclosed it was the victim of a calculated cyber-attack that resulted in the theft of another US$11 million in digital assets. The breach occurred on May 8 during a routine upgrade of its hot wallet infrastructure.

Then, threat actors believed to be from the Lazarus Group seized the moment and exploited the routine upgrade operation to carry out unauthorized withdrawals across multiple blockchains, including Ethereum, Solana, Polygon and Tron.

Techniques used in the May 2025 breach mirrored those seen in Lazarus-linked operations, including SWIFT system exploits and previous exchange hacks. While investigators found no evidence of insider involvement, they confirmed that the perpetrators used social engineering tactics to infect a cloud operations employee’s device with malware, exploiting hijacked AWS session tokens to bypass multi-factor authentication (MFA) and seize control of BitoPro’s cloud infrastructure.

Are cross-chain or multi-chain security flaws inherent to the infrastructure? What can be done about these flaws? CybersecAsia.net finds out from Wesley Crook, CEO, FP Block…

In light of recent blockchain exploits, how secure is cross-chain infrastructure relative to other financial/banking/payments infrastructure today?

Crook: I suppose the key problem with blockchain exploits is the decentralized infrastructure that means there is often no obvious method of recourse for affected users.

With common financial and payment infrastructure like PayPal, Stripe, or SWIFT, there are available remedies for error, exploit, or fraud, but with blockchain, once something is written into code, it is irrevocable without huge disruption to the entire system.

Why do bridge exploits keep happening? What underlying design flaws do they expose?

Crook: The frequency and impact of bridge exploits have significantly reduced over the years, but I do think the proliferation of AI is going to accelerate the discovery of latent vulnerabilities in blockchain and smart contract code due to the ability for potential hackers to analyze and assess unprecedented amounts of information for weaknesses.

How can these risks and losses be mitigated?

Crook: Firstly, these risks and losses can be mitigated by leaving no stone unturned in the construction of platforms and smart contracts and committing to regularly auditing and updating their code on an ongoing basis.

Next, what blockchain app builders need is a high‑performance blockchain development framework designed to remove the traditional barriers of blockchain architecture.

Besides being able to launch production‑ready blockchain applications in days, not months, you also need a platform that offers instant integration of external data and on‑demand block production, to give you unmatched control, flexibility, and scalability by eliminating the need for rigid smart contract frameworks and unreliable shared infrastructure.

What standards are emerging to make multi-chain infrastructure audit-ready, and what do they mean for the future of blockchain and crypto?

Crook: At FP Block, we built Kolme to solve these problems, allowing founders to launch their own dedicated chains for their applications that don’t rely on external infrastructure providers — giving the power of blockchain while eliminating traditional bottlenecks for both builders and potential users.

We think this move toward a singular standard is important for blockchain and crypto to be more widely integrated into a larger suite of products.

Share:

PreviousData protection challenges in the agentic workspace
NextHave cybercriminals been increasingly targeting human touchpoints from every angle?

Related Posts

What banks can teach us about COVID-19 business continuity and cybersecurity

What banks can teach us about COVID-19 business continuity and cybersecurity

Wednesday, April 15, 2020

The “Awareness Gap” in Australian enterprise security

The “Awareness Gap” in Australian enterprise security

Thursday, October 8, 2026

The faster your servers, the faster ransomware can encrypt your files: research

The faster your servers, the faster ransomware can encrypt your files: research

Tuesday, March 29, 2022

Another retrospective of 2019’s threat landscape

Another retrospective of 2019’s threat landscape

Tuesday, February 25, 2020

Leave a reply Cancel reply

You must be logged in to post a comment.

Voters-draw/RCA-Sponsors

Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
previous arrow
next arrow

CybersecAsia Voting Placement

Gamification listing or Participate Now

LEARN MORE

Vote Now -Placement(Google Ads)

Top-Sidebar-banner

Whitepapers

  • Critical Security Threatsand the Need for ZTNA: How evolving cyberattacks demand a Zero Trust approach

    Critical Security Threatsand the Need for ZTNA: How evolving cyberattacks demand a Zero Trust approach

    Cyber threats have become more frequent and sophisticated, targeting organizations of all sizes across all …Download Whitepaper
  • Zero Trust Made Simple: Why it matters and how to get started

    Zero Trust Made Simple: Why it matters and how to get started

    Data breaches and cyberattacks are no longer limited to large, high-profile organizations.Download Whitepaper
  • Cloud Secure Edge: Remote access, better security

    Cloud Secure Edge: Remote access, better security

    ​SonicWall Cloud Secure Edge™ is a modern, cloud-native Security Service Edge (SSE) solution that addresses …Download Whitepaper
  • Closing the Gap in Email Security:How To Stop The 7 Most SinisterAI-Powered Phishing Threats

    Closing the Gap in Email Security:How To Stop The 7 Most SinisterAI-Powered Phishing Threats

    Insider threats continue to be a major cybersecurity risk in 2024. Explore more insights on …Download Whitepaper

Middle-sidebar-banner

Case Studies

  • How a Vietnamese D2C retailer built its own secure digital infrastructure

    How a Vietnamese D2C retailer built its own secure digital infrastructure

    Would your organization build your own digital infrastructure – including AI governance and cybersecurity – …Read more
  • Cyber protection for medical clinics in Singapore

    Cyber protection for medical clinics in Singapore

    As Singapore’s healthcare sector becomes increasingly digital and interconnected, clinics are facing heightened cyber risks, …Read more
  • India’s WazirX strengthens governance and digital asset security

    India’s WazirX strengthens governance and digital asset security

    Revamping its custody infrastructure using multi‑party computation tools has improved operational resilience and institutional‑grade safeguardsRead more
  • Bangladesh LGED modernizes communication while addressing data security concerns

    Bangladesh LGED modernizes communication while addressing data security concerns

    To meet emerging data localization/privacy regulations, the government engineering agency deploys a secure, unified digital …Read more

Bottom sidebar

Other News

  • From Defence Cooperation to Shared Security: Building a Resilient Pakistan-China Partnership

    Friday, October 9, 2026
    QINGDAO, China, Oct. 9, 2026 …Read More »
  • CyberDSA Sets 19 – 21 October 2027 Return as Industry Participation Builds at Fourth Edition

    Thursday, October 8, 2026
    CyberDSA moves towards its milestone …Read More »
  • CyberLogitec Brings Tag-Free Collision Prevention to Busan New Port

    Tuesday, October 6, 2026
    Digital twin places workers and …Read More »
  • Aligning with Global Regulations: iMQ Technology’s SQ713x Secure Element Achieves SESIP and PSA Certified Level 3

    Monday, October 5, 2026
    Passes Keysight’s physical attack testing …Read More »
  • Cymulate Receives Frost & Sullivan’s 2026 Indian Competitive Strategy Leadership Recognition for Advancing Continuous Security Validation

    Monday, October 5, 2026
    The recognition highlights Cymulate’s competitive …Read More »
  • Our Brands
  • DigiconAsia
  • MartechAsia
  • Home
  • About Us
  • Contact Us
  • Sitemap
  • Privacy & Cookies
  • Terms of Use
  • Advertising & Reprint Policy
  • Media Kit
  • Subscribe
  • Manage Subscriptions
  • Newsletter

Copyright © 2026 CybersecAsia All Rights Reserved.