The Bybit Breach: Why Multi-Sig Alone Isn't Enough and How Cobo Tackles the Challenges

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Bridge assets across major networks like BTC, ETH, TRON, BNB, and More

February 28, 2025

Managing cross-chain liquidity has long been a challenge for institutions dealing in a large variety of digital assets.. High fees, complex workflows, and counterparty risks often make asset transfers between blockchains inefficient.

With Cobo’s Token Bridge app, clients such as crypto exchanges can now transfer assets seamlessly across Bitcoin (BTC), Ethereum (ETH), Tron (TRX), BNB Chain, Solana (SOL), and more—directly within Cobo Portal

This solution eliminates the need for third-party integrations and ensures secure, compliant transactions.

  • Access Cobo Portal: Log in and navigate to Token Bridge under Apps.

  • Submit a Transfer: Select the source and destination chains, enter the amount, and confirm.

  • Execution: The system automatically optimizes the transfer for minimal fees and best execution.

  • One-click transactions: Move assets across major blockchains with no additional setup.

  • Regulated execution: All transactions go through vetted partners to prevent counterparty risk.

  • Smart routing: Fee optimization and low-slippage execution ensure cost-effective transfers.

  • Built-in compliance: Know Your Transaction (KYT) and Know Your Address (KYA) screening help prevent exposure to illicit funds.

For exchanges managing Bitcoin liquidity, Cobo Token Bridge supports WBTC minting and burning, allowing for:

  • Fast BTC-to-WBTC conversions with direct execution.

  • Competitive pricing for efficient settlement.

  • Enterprise-grade security with full transaction verification and compliance oversight.

Cobo Token Bridge provides a straightforward way to manage cross-chain liquidity, reducing operational complexity while ensuring security and compliance.

  • Automate cross-chain transfers via trusted service providers.

  • Supports major blockchain networks including Bitcoin, Ethereum, Tron, BNB Chain, and Solana.

  • Reduce costs with optimized routing and fee transparency.

  • Stay compliant with automated AML, KYT, and risk monitoring.

Token Bridge is now available on Cobo Portal Apps.

For more details, book a demo with us. 

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