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Bridgers Cross-Chain Swap

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[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

Summary

Bridgers is a no-KYC, non-custodial cross-chain swap and liquidity aggregation service operated by SWFT Blockchain, a company founded in 2017 and headquartered in Silicon Valley. On August 9, 2026, blockchain intelligence firm BlockWatchdog identified Bridgers as the cross-chain linking mechanism in the $8.07 million Coinsbuy exchange hack, with Bridgers' Ethereum payout contract forwarding stolen funds directly into the attacker's designated swap wallet. Whether Bridgers was complicit, negligent, or an unwitting relay has not been determined; no regulatory action or legal finding has been made against the platform.

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Timeline(5 events)

2017-01-01

SWFT Blockchain, operator of Bridgers, founded in Silicon Valley. Backed by investors including Draper Dragon and Node Capital.

ChangeHero / SWFT Blockchain official site

2026-08-09

Attackers drained approximately $8.07 million from Coinsbuy across TRON (eight wallets, ~$6.04M USDT) and Ethereum (three wallets, ~$1.89M USDT and 77 ETH) in under one hour. BlockWatchdog identified Bridgers' Ethereum payout contract as the on-chain link connecting the two attack legs to a single attacker.

CoinDesk

2026-08-09

Approximately $6.34 million (79% of stolen funds) routed through FixedFloat via roughly 50 single-use addresses. Additional 150 ETH moved through ChangeNOW, which froze a six-figure sum after being contacted by Specter Investigations.

Decrypt

2026-08-10

BlockWatchdog's analysis published. CoinDesk and other outlets report Bridgers' role as cross-chain relay in the Coinsbuy hack.

CoinDesk

2026-08-10

Coinsbuy replenished drained wallets to within 0.05% of pre-attack balances; BlockWatchdog interpreted this as evidence the attack exploited a withdrawal system weakness rather than compromised private keys.

Crypto Economy
Provenance & Audit Trail
13 Wayback Archives

Decision Log

  • #3review revise-10⛓ pending8/25/2026, 2:46:17 AM
    hash: ca4oZDyUmUGQKDBs4PF6sutESmb29RxQDkKPJWhQxUN
  • #2review⛓ pending8/25/2026, 2:46:17 AM
    hash: pxnCJkLdpq5hTT3DwAdqK67vC4jNbdS88X3zw2gipx5
  • #1publish⛓ pending8/24/2026, 11:07:49 PM
    hash: HRJUFE5H7MA5AhC6EapDFUHqohD33PFHhpFTq9zzUZUD

13 of 15 cited source URLs have an Internet Archive snapshot.

model: claude-sonnet-4-6

generated: 8/24/2026, 11:07:40 PM

last updated: 8/25/2026, 5:10:28 AM

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