Key points are not available for this paper at this time.
The Web3 ecosystem is increasingly evolving to multi-chain, with decentralized applications (dApps) distributing across different blockchains, which drives the need for cross-chain bridges for blockchain interoperability. However, it further opens new attack surfaces, and media outlets have reported serious attacks related to cross-chain bridges. Nevertheless, few prior research studies have studied cross-chain bridges and their related transactions, especially from a security perspective. To fill the void, this paper presents the first comprehensive analysis of cross-chain transactions. We first make efforts to create by far the largest cross-chain transaction dataset based on semantic analysis of popular cross-chain bridges, covering 13 decentralized bridges and 7 representative blockchains, with over 80 million transactions in total. Based on this comprehensive dataset, we present the landscape of cross-chain transactions from angles including token usage, user profile and the purposes of transactions, etc. We further observe that cross-chain bridges can be abused for malicious/aggressive purposes, thus we design an automated detector and deploy it in the wild to flag misbehaviors from millions of cross-chain transactions. We have identified hundreds of abnormal transactions related to exploits and arbitrages, etc. Our research underscores the prevalence of cross-chain ecosystems, unveils their characteristics, and proposes an effective detector for pinpointing security threats.
Hu et al. (Tue,) studied this question.