Bridge Hacks

Cross-chain bridge hacks have resulted in over $62 billion in losses, making bridges one of the most exploited attack vectors in the blockchain ecosystem. In this interview at Consensus 2025, Erick Watson, Co-Founder & CEO of Randamu, explains how Randamu’s bridgeless approach to multi-chain interoperability eliminates the vulnerabilities that make traditional bridges such attractive targets.

Rather than moving assets between chains through bridge intermediaries, Randamu coordinates cross-chain actions atomically using threshold cryptography and decentralized networks. This approach removes the single points of failure that hackers have repeatedly exploited in bridge protocols, from the Ronin Bridge ($624M) to the Wormhole ($320M) attacks.

Watson discusses how Randamu was named a finalist at CoinDesk’s Consensus 2025 PitchFest, the technical architecture behind bridgeless interoperability, and why the industry needs to move beyond the bridge paradigm entirely.

Key Topics

• The scale and severity of cross-chain bridge exploits
• How bridgeless interoperability works through threshold cryptography
• Randamu’s approach to securing multi-chain transactions
• Why traditional bridges create systemic vulnerabilities