cross-chain swaps
Coverage of cross-chain swaps in the Nexus archive.
- INTERPOL-led global fraud crackdown arrests over 5,800, uncovers crypto laundering network tied to $122.5 million wallet
An INTERPOL-led global fraud crackdown arrested over 5,800 individuals and uncovered a crypto laundering network using cross-chain swaps to obscure funds. The operation identified a wallet processing $122.5 million in 10 months.
- Squid adds Ripple’s RLUSD stablecoin for cross-chain swaps
Cross-chain platform Squid has integrated Ripple's RLUSD stablecoin, allowing users to swap into and out of RLUSD across chains and assets.
- Is there a way to get CEX-level rates without actually using a CEX? Tired of custody risk
A user seeks ways to obtain CEX-level exchange rates for cross-chain swaps while maintaining self-custody, avoiding the security risks of keeping funds on centralized exchanges. They inquire about RocketX, a service that allegedly routes trades through CEX order books without requiring account creation or custody surrender, and ask about the mechanics and safety of such transactions.
- Are people still using bridges?
Cross-chain swaps now exist, allowing users to swap tokens between chains without handing over custody to a third party, potentially replacing bridges. This development impacts the DeFi space, emphasizing permissionless transactions. The switch from bridging to cross-chain swaps is being considered.
- What actually happens during cross-chain swaps?
Cross-chain swaps appear simple but involve complex methods like bridges, routing, liquidity pools, or intermediaries. The article highlights the lack of awareness about these underlying processes.