Morning Edition · Thursday, August 20, 2026Published at 1:47 AM EDT · New York
The BTCP scheme verifies that one entity controls addresses on two chains instead of minting wrapped tokens, targeting the pooled custody responsible for major bridge losses this year.

A proposal published on Ethereum Research describes BTCP, or the Behavioral Transaction Continuity Protocol, a cross-chain exchange mechanism in which assets never leave their native chain. Rather than locking coins in a bridge contract and…
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Part of a tracked trend
Bridge and Mint Exploits Sustain Heavy DeFi Losses
Over 3-6 months, recurring bridge proof-validation and unauthorized-mint exploits keep monthly DeFi losses elevated, including drains of deprecated contracts.
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