Ripple CTO David Schwartz Flags Bridge Security Gaps
CoinCentral·60-word summary·1 min read
Ripple CTO David Schwartz highlighted security gaps in DeFi bridge systems after the Kelp DAO exploit, which drained nearly $293 million. He noted many bridges include security tools that could prevent such failures. The incident underscores the importance of robust security measures in blockchain bridges to protect assets and prevent large-scale losses.
Ripple CTO David Schwartz has delayed plans to develop a DeFi bridge for RLUSD, citing significant security risks similar to the KelpDAO exploit. He warned that integrating such infrastructure could expose XRP to vulnerabilities, emphasizing caution amid ongoing concerns about DeFi protocol security. The decision reflects Ripple’s focus on safeguarding user assets and maintaining protocol integrity.
Okta's stock rose 4% after Barclays upgraded it from Equalweight to Overweight, raising the price target to $90 from $85 on April 20, 2026. Barclays highlighted increasing demand for identity security, ranking it as the top enterprise spending priority. Okta improved its security vendor ranking to sixth place, up from near the bottom in 2022–2023, citing early opportunities in agentic security.
Microsoft has warned that threat actors are increasingly abusing Microsoft Teams in helpdesk impersonation attacks, using legitimate tools for access and lateral movement within enterprise networks. The trend highlights growing security concerns around the misuse of trusted collaboration platforms, emphasizing the need for enhanced security measures to prevent such impersonation and unauthorized access.
WhatsApp has been found to leak user metadata, allowing strangers to infer limited information about users without direct messaging or knowledge. This security concern, reported in April 2026, raises potential risks for malicious activities, as attackers could exploit the metadata to target users. The leak highlights ongoing privacy vulnerabilities within popular messaging platforms.
Iran has expressed openness to US talks amid ongoing tensions, as former President Trump warned of a potential ceasefire breach. The situation has increased market volatility, reflecting uncertainty about US-Iran relations and the prospects for peace. The geopolitical instability continues to influence global markets, with no clear resolution in sight as diplomatic efforts remain uncertain.
Layerzero, a blockchain bridge, reported no contagion after a $290 million exploit, but concerns about its security and validation models remain. The incident has increased scrutiny on bridge infrastructure, with Chainlink’s Zach Rynes criticizing the design. The event highlights ongoing risks in cross-chain protocols and the need for improved security measures.