Fixing cross-chain bridges with confidential computing

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Now and again we hear {that a} cross-chain bridge has been hacked. In 2022 alone, six bridges have been hacked, and greater than $1.2 Billion value of crypto property have been stolen.

What are cross-chain bridges? What goal do they serve? And why are they such outstanding honeypots? Can Confidential Computing be used to enhance the safety of cross-chain bridges?  

Cross-chain bridges assist in transferring crypto property from one blockchain to a different. Fascinating circumstances are popularizing them. For one: Older blockchains which have survived through the years find yourself having extra invaluable property. However older blockchains are sometimes sluggish, have low throughputs and provide larger transaction charges. On the flip facet, newer blockchains or sidechains will be quick, have excessive throughput and the transaction charges could also be extraordinarily low. Cross-chain bridges make it straightforward to maneuver fashionable property from older blockchains onto newer blockchains and sidechains the place they might be transacted extra effectively.  

Allow us to perceive how a cross-chain bridge works. A crypto asset is locked in a vault good contract on the supply blockchain, and a illustration of that asset is minted within the peg good contract on the vacation spot blockchain. A set of entities which are generally referred to as “guardians” are accountable for monitoring the vault good contract on the supply chain for brand spanking new deposits and for creating their representations within the peg good contract on the vacation spot blockchain.

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Conversely, when the representations are destroyed within the peg good contract, these guardians are accountable for releasing an equal quantity of tokens held within the vault good contract on the supply chain.  

Determine 2: A schematic displaying how cross-chain bridges work. 

It’s straightforward to see that an attacker can both assault the vault good contract, the peg good contract or the guardians. Usually, vulnerabilities are present in good contracts. For instance, the most recent hack on bridge supplier Nomad resulted within the lack of almost $200 million, exploiting vulnerabilities within the good contract logic on the supply blockchain. These had been launched throughout a sensible contracts improve course of. The assault on Axie Infinity’s Ronin bridge led to a lack of $625 million; the assault on Horizon Bridge operated by California-based agency Concord led to the lack of $100 million. Each of these assaults concerned compromising the keys held by guardians.  

Determine 3: Tweets by Concord founder Stephen Tse describing that personal keys had been certainly compromised. He additionally describes the system used to retailer non-public keys. This degree of safety will not be enough. 

Concord didn’t use information in-use encryption. It’s fairly potential that the non-public keys had been misplaced following a reminiscence dump assault. It’s irrelevant if the keys had been doubly encrypted when at relaxation. When these keys are getting used, they’re delivered to the primary reminiscence. If the reminiscence of the method utilizing the secret’s dumped, the non-public key will be extracted.  

Determine 4: Enterprise-grade Confidential Computing

Enterprise-grade Confidential Computing

Confidential Computing is a know-how that helps information in-use encryption. Easy reminiscence dump assaults don’t work when utilizing Confidential Computing applied sciences reminiscent of Intel SGX. It is usually potential to lift the bar and create an enterprise-grade Confidential Computing platform. This includes supporting cluster mode operations, excessive availability, catastrophe restoration, acquiring quite a lot of safety certifications, and encasing nodes with tamper-resistant {hardware} to stop side-channel assaults. Enterprise-grade Confidential Computing platforms additionally assist quorum approvals for utilizing saved keys. A number of approvers might be required for signing transactions with every key.  

Provided that cross-chain bridges retailer remarkably excessive sums of cryptocurrencies, enterprise-grade Confidential Computing platforms needs to be utilized by guardians for producing, storing and utilizing keys.  

However additionally it is exhausting for a bridge guardian to utterly belief an enterprise-grade Confidential Computing platform. What if the platform operator denies service for some purpose? Producing keys that don’t depend upon a user-provided seed will be harmful. A DOS assault may result in the funds being completely locked.

One resolution is to personal the platform and to deploy it your self in datacenters of your selection. The opposite resolution is to make the platform generate a key after which make it generate parts of the important thing utilizing a threshold secret sharing scheme. The shares will be encrypted with public keys supplied by the bridge guardians. This fashion, if a threshold variety of guardians can mix their shares, the important thing will be re-generated even when there’s a DOS assault by the supplier of the enterprise-grade Confidential Computing platform.  

Bridge guardians must rethink how they’re managing their keys. We have now seen too many assaults that might have been averted with higher key administration practices. Maintaining keys on-line and sustaining them securely is a troublesome process.

Fortunately, enterprise-grade Confidential Computing can go a good distance in bettering the safety of bridge guardian keys. 

Pralhad Deshpande, Ph.D. is senior options architect at Fortanix.

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