The Avalanche Bridge has been updated by the Bridge Nodes to expand the sources of data for its screening processes by diversifying the inputs into the Avalanche Bridge model to supplement and expand existing protocols. This update aims to enhance detection and prevention efforts against utilization of the Bridge by bad actors to provide a safer environment for users.
For most users, we anticipate the Avalanche Bridge will continue to function as expected. If the monitoring identifies a transaction to the Bridge as originating from a bad actor, it will be blocked.
As noted in the FAQs and Terms of Use, do not use the Avalanche Bridge if you are on the Specially Designated Nationals (SDN) List of the Office of Foreign Assets Control (OFAC) or any other sanctions list or if you are otherwise a sanctioned person or from a sanctioned jurisdiction. Those engaged in unlawful conduct, including money laundering, are also prohibited from using the Avalanche Bridge.
This update follows the continuing process of reviewing the Avalanche Bridge and its risk management tools. Long-term, we believe this best positions the Avalanche Bridge to be a sustainable tool for users to explore applications and ecosystems across chains and reflects the Avalanche Community’s desire to encourage good actors and disincentivize bad actors.
This does not have any impact on other cross-chain bridging solutions like LayerZero and Axelar. Neither does this change the requirement for at least 75% of the Bridge Nodes to agree on any decisions related to validating transactions.
For more information, please see the Terms of Use.
About Ava Labs
Ava Labs makes it simple to launch decentralized applications on Avalanche, the fast and secure smart contracts platform. We are empowering people to easily and freely digitize all the world’s assets on one open, programmable blockchain platform.
Ava Labs was founded by Cornell computer scientists who brought on talent from Wall Street to execute their vision. The company has received funding from Andreessen Horowitz, Initialized Capital, and Polychain Capital, with angel investments from Balaji Srinivasan and Naval Ravikant.
