Audit log

Every state-changing event for Bridgers Cross-Chain Swap: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-08-24 23:07:49Z
   Score: ? → ? (no score change)
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   {"actor":"system:backfill","investigation_id":"dc5c1b46-fb92-4f75-a9f4-bc35f44790d2","kind":"publish","page_slug":"bridgers-cross-chain-swap","published_at":"2026-08-24T23:07:49.537Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Bridgers Cross-Chain Swap","sections":[{"content":"Bridgers is a non-custodial cross-chain swap platform operated by SWFT Blockchain, a company established in Silicon Valley in 2017. The platform aggregates liquidity across decentralized exchanges and bridges, routing user transactions across more than 50 blockchain networks and 500+ tokens. According to DappRadar, Bridgers is built on SWFT AllChain Bridge technology and supports chains including Ethereum, TRON, BNB Chain, Polygon, Arbitrum, Optimism, Avalanche, Solana, and others. The platform requires no user registration, no account creation, and explicitly markets itself as a no-KYC service. SWFT Blockchain has described the platform's model as 'You authorize. We route,' with users executing transactions directly from their own wallets via smart contracts. The platform's investors include Draper Dragon and Node Capital.","heading":"Service Overview","severity":"low","sources":[{"credibility":2,"name":"DappRadar: Bridgers Project Overview","type":"other","url":"https://dappradar.com/dapp/bridgers"},{"credibility":2,"name":"SWFT Blockchain official site","type":"official","url":"https://www.swft.pro/"},{"credibility":3,"name":"SWFT Blockchain on X: No KYC, no account needed","type":"social_media","url":"https://x.com/SwftCoin/status/1915316194028204120"}]},{"content":"On August 9, 2026, blockchain intelligence firm BlockWatchdog published an analysis concluding that Bridgers served as the cross-chain linking mechanism in the $8.07 million theft from cryptocurrency exchange Coinsbuy. According to BlockWatchdog's on-chain analysis, as reported by CoinDesk and Decrypt, the attacker drained approximately $6.04 million USDT from eight Coinsbuy wallets on the TRON network and approximately $1.89 million USDT plus 77 ETH from three Coinsbuy wallets on Ethereum, with both operations occurring within approximately one hour after an initial 5 USDT test transaction. BlockWatchdog reported that Bridgers' Ethereum payout contract forwarded stolen funds directly into the attacker's designated swap wallet, and that this on-chain linkage was what allowed investigators to attribute the TRON and Ethereum withdrawal chains to a single attacker rather than treating them as separate incidents. CoinDesk reported that 'Onchain records show the two chains were linked through cross-chain swapper Bridgers, whose Ethereum payout contract sent funds directly into the Ethereum swap wallet.' It is not alleged that Bridgers personnel were aware of or coordinated the attack. No regulatory body has issued findings against Bridgers in connection with this incident. The platform's no-KYC, non-custodial architecture means it lacks the transaction monitoring controls that would typically allow detection and blocking of illicit fund flows in real time.","heading":"Role in the August 9, 2026 Coinsbuy Hack","severity":"high","sources":[{"credibility":1,"name":"CoinDesk: Crypto hackers drained $8 million from Coinsbuy using a clever cross-chain trick","type":"news_article","url":"https://www.coindesk.com/business/2026/08/10/crypto-exchange-coinsbuy-loses-usd8-million-in-coordinated-two-blockchain-attack"},{"credibility":2,"name":"Decrypt: Hackers Drain $8 Million From Crypto Exchange Across Two Blockchains","type":"news_article","url":"https://decrypt.co/375213/hackers-drain-8-million-from-crypto-platform-coinsbuy"},{"credibility":2,"name":"Shattered.io: Coinsbuy Hack Drains $8M as July Losses Hit $247M","type":"news_article","url":"https://shattered.io/coinsbuy-exchange-hack-2026/"},{"credibility":2,"name":"Crypto Economy: $8M Crypto Exchange Heist Spans Ethereum and Tron","type":"news_article","url":"https://crypto-economy.com/8m-crypto-exchange-heist-spans-ethereum-and-tron-as-hackers-move-stolen-funds/"}]},{"content":"Following the theft, investigators tracked stolen funds through a multi-platform laundering sequence. According to reporting citing BlockWatchdog's analysis, approximately $6.34 million — roughly 79% of the $8.07 million stolen — was routed through instant exchange FixedFloat, reportedly across approximately 50 single-use addresses. An additional 150 ETH was moved through ChangeNOW, which separately froze a six-figure sum after being contacted by Specter Investigations. Approximately 282.2 ETH (roughly $542,000) reportedly remained untouched across five addresses. Ethereum-side funds were also reportedly swapped via 1inch using the attacker's same-day wallet before further routing. Bridgers' role in this chain was as the cross-chain relay connecting the TRON-side and Ethereum-side legs of the theft; it was not reported to have received or routed the bulk of the final laundering stage. FixedFloat, not Bridgers, was identified as the primary vehicle for the subsequent laundering movement.","heading":"Fund Flow and Laundering Chain","severity":"high","sources":[{"credibility":1,"name":"CoinDesk: Coinsbuy cross-chain attack","type":"news_article","url":"https://www.coindesk.com/business/2026/08/10/crypto-exchange-coinsbuy-loses-usd8-million-in-coordinated-two-blockchain-attack"},{"credibility":2,"name":"Decrypt: Hackers Drain $8 Million From Crypto Exchange Across Two Blockchains","type":"news_article","url":"https://decrypt.co/375213/hackers-drain-8-million-from-crypto-platform-coinsbuy"},{"credibility":2,"name":"Yahoo Finance: Hackers Drain $8 Million From Crypto Exchange Across Two Blockchains","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/hackers-drain-8-million-crypto-155630618.html"}]},{"content":"Bridgers explicitly markets the absence of KYC requirements and account registration as core product features. SWFT Blockchain's official social media accounts have stated: 'With Bridgers, there's no KYC. No account needed.' and listed 'No KYC' as a primary selling point alongside low fees and decentralized execution. The platform's non-custodial design means funds pass through smart contracts without SWFT Blockchain holding assets, but also means the operator has no direct mechanism to screen counterparties against sanctions lists, identify high-risk wallets, or file suspicious activity reports. The Financial Action Task Force (FATF) has issued guidance indicating that countries should apply AML regulation to DeFi services, but implementation across jurisdictions remains inconsistent and most no-KYC cross-chain swap platforms do not engage in transaction monitoring. The combination of multi-chain support (including TRON, a network frequently used in illicit finance), no-KYC operation, and smart-contract routing creates structural conditions that, according to blockchain analytics firms including Elliptic and MerkleScience, are commonly exploited by threat actors seeking to obscure fund origins. No regulatory body has sanctioned Bridgers or SWFT Blockchain specifically for AML failures as of the date of this report.","heading":"No-KYC Architecture and Compliance Risk","severity":"medium","sources":[{"credibility":3,"name":"SWFT Blockchain on X: No KYC, no account needed","type":"social_media","url":"https://x.com/SwftCoin/status/1915316194028204120"},{"credibility":3,"name":"SWFT Blockchain on X: Why choose Bridgers — No KYC","type":"social_media","url":"https://x.com/SwftCoin/status/1914614935377809689"},{"credibility":2,"name":"Elliptic: Money laundering from crypto bridge hacks","type":"research","url":"https://www.elliptic.co/blog/analysis/money-laundering-from-crypto-bridge-hacks-how-your-compliance-team-can-identify-the-risks"},{"credibility":2,"name":"MerkleScience: Chain Hopping — The Future of Crypto Money Laundering","type":"research","url":"https://www.merklescience.com/blog/chain-hopping-the-future-of-crypto-crypto-laundering"}]},{"content":"Bridgers is a product of SWFT Blockchain, a company founded in 2017 and based in Silicon Valley. SWFT Blockchain describes itself as a cross-chain swap aggregator for decentralized and centralized exchanges, and has operated in the crypto infrastructure space for approximately eight years. Its investor base includes Draper Dragon and Node Capital. SWFT Blockchain also operates the SWFT AllChain Bridge, SWFT Cross-Chain Swap API, and a mobile wallet application. The company has obtained media coverage as a legitimate infrastructure provider and has been listed on aggregator platforms including DappRadar and BNB Chain's DappBay. No prior regulatory sanctions, court filings, or law enforcement actions involving SWFT Blockchain or Bridgers were identified in research conducted for this report. SWFT Blockchain's official site states that it 'complies with global financial and regulatory standards,' though the specific nature of those compliance measures was not independently verified.","heading":"Operator Background: SWFT Blockchain","severity":"low","sources":[{"credibility":2,"name":"SWFT Blockchain official site","type":"official","url":"https://www.swft.pro/"},{"credibility":2,"name":"CoinHero / ChangeHero: SWFT Blockchain Explained","type":"news_article","url":"https://changehero.io/blog/beginners-guide-to-swft-blockchain-swftc-crypto/"},{"credibility":2,"name":"DappRadar: Bridgers (SWFT AllChain Bridge)","type":"other","url":"https://dappradar.com/dapp/bridgers"}]},{"content":"As of the date of this report, no law enforcement agency, financial regulator, or court has issued findings against Bridgers or SWFT Blockchain in connection with the Coinsbuy hack or any other incident. BlockWatchdog's published analysis established that Bridgers' Ethereum payout contract was on the transaction path between the theft and the attacker's swap wallet, but has not alleged that Bridgers personnel facilitated, enabled, or were aware of the attack. Three interpretations remain open and have not been adjudicated: (1) Bridgers was used as an unwitting relay by the attacker, exploiting its permissionless architecture; (2) Bridgers' lack of transaction monitoring constitutes negligence that materially aided the laundering chain; or (3) some other explanation applies. The distinction matters legally and reputationally. No public statement from Bridgers or SWFT Blockchain addressing their platform's role in the Coinsbuy incident has been identified. This page will be updated if regulatory action, litigation, or a public response from the operator emerges.","heading":"Investigative Status and Open Questions","severity":"medium","sources":[{"credibility":1,"name":"CoinDesk: Coinsbuy cross-chain attack","type":"news_article","url":"https://www.coindesk.com/business/2026/08/10/crypto-exchange-coinsbuy-loses-usd8-million-in-coordinated-two-blockchain-attack"},{"credibility":2,"name":"Web3isGoingGreat: Coinsbuy exploited for $8 million","type":"news_article","url":"https://www.web3isgoinggreat.com/single/coinsbuy-exploit"}]}],"sources_used":[{"credibility":1,"name":"CoinDesk: Crypto hackers drained $8 million from Coinsbuy using a clever cross-chain trick","type":"news_article","url":"https://www.coindesk.com/business/2026/08/10/crypto-exchange-coinsbuy-loses-usd8-million-in-coordinated-two-blockchain-attack"},{"credibility":2,"name":"Decrypt: Hackers Drain $8 Million From Crypto Exchange Across Two Blockchains","type":"news_article","url":"https://decrypt.co/375213/hackers-drain-8-million-from-crypto-platform-coinsbuy"},{"credibility":2,"name":"Shattered.io: Coinsbuy Hack Drains $8M as July Losses Hit $247M","type":"news_article","url":"https://shattered.io/coinsbuy-exchange-hack-2026/"},{"credibility":2,"name":"Crypto Economy: $8M Crypto Exchange Heist Spans Ethereum and Tron","type":"news_article","url":"https://crypto-economy.com/8m-crypto-exchange-heist-spans-ethereum-and-tron-as-hackers-move-stolen-funds/"},{"credibility":2,"name":"Yahoo Finance: Hackers Drain $8 Million From Crypto Exchange Across Two Blockchains","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/hackers-drain-8-million-crypto-155630618.html"},{"credibility":2,"name":"Web3isGoingGreat: Coinsbuy exploited for $8 million","type":"news_article","url":"https://www.web3isgoinggreat.com/single/coinsbuy-exploit"},{"credibility":2,"name":"PYMNTS: Coinsbuy Hack Latest in $972 Million Crypto Theft Spree","type":"news_article","url":"https://www.pymnts.com/cryptocurrency/2026/coinsbuy-hack-latest-in-972-million-crypto-theft-spree/"},{"credibility":2,"name":"DappRadar: Bridgers Project Overview","type":"other","url":"https://dappradar.com/dapp/bridgers"},{"credibility":2,"name":"SWFT Blockchain official site","type":"official","url":"https://www.swft.pro/"},{"credibility":3,"name":"SWFT Blockchain on X: No KYC, no account needed","type":"social_media","url":"https://x.com/SwftCoin/status/1915316194028204120"},{"credibility":3,"name":"SWFT Blockchain on X: Why choose Bridgers — No KYC","type":"social_media","url":"https://x.com/SwftCoin/status/1914614935377809689"},{"credibility":2,"name":"ChangeHero: SWFT Blockchain Explained — Guide to SWFTC Crypto","type":"news_article","url":"https://changehero.io/blog/beginners-guide-to-swft-blockchain-swftc-crypto/"},{"credibility":2,"name":"Elliptic: Money laundering from crypto bridge hacks","type":"research","url":"https://www.elliptic.co/blog/analysis/money-laundering-from-crypto-bridge-hacks-how-your-compliance-team-can-identify-the-risks"},{"credibility":2,"name":"Elliptic: Tracking illicit actors through bridges, DEXs, and swaps","type":"research","url":"https://www.elliptic.co/blog/tracking-crypto-through-bridges-dexs-and-swaps"},{"credibility":2,"name":"MerkleScience: Chain Hopping — The Future of Crypto Money Laundering","type":"research","url":"https://www.merklescience.com/blog/chain-hopping-the-future-of-crypto-money-laundering"}],"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.","timeline":[{"date":"2017-01-01","event":"SWFT Blockchain, operator of Bridgers, founded in Silicon Valley. Backed by investors including Draper Dragon and Node Capital.","source":"ChangeHero / SWFT Blockchain official site","source_url":"https://changehero.io/blog/beginners-guide-to-swft-blockchain-swftc-crypto/"},{"date":"2026-08-09","event":"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.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2026/08/10/crypto-exchange-coinsbuy-loses-usd8-million-in-coordinated-two-blockchain-attack"},{"date":"2026-08-09","event":"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.","source":"Decrypt","source_url":"https://decrypt.co/375213/hackers-drain-8-million-from-crypto-platform-coinsbuy"},{"date":"2026-08-10","event":"BlockWatchdog's analysis published. CoinDesk and other outlets report Bridgers' role as cross-chain relay in the Coinsbuy hack.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2026/08/10/crypto-exchange-coinsbuy-loses-usd8-million-in-coordinated-two-blockchain-attack"},{"date":"2026-08-10","event":"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.","source":"Crypto Economy","source_url":"https://crypto-economy.com/8m-crypto-exchange-heist-spans-ethereum-and-tron-as-hackers-move-stolen-funds/"}]},"v":1}

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2. #2reviewby reviewerreviewer

   2026-08-25 02:46:17Z
   Score: 38 → 38 (no score change)
   The page's central claim — that BlockWatchdog identified Bridgers' Ethereum payout contract as the on-chain link between the TRON and Ethereum legs of the Coinsbuy hack — is well corroborated across CoinDesk, Decrypt, Crypto Economy, and other outlets, as are the specific dollar figures and fund-flow details. However, the page overstates BlockWatchdog's institutional status (independent sources call it a 'blockchain investigator,' not a 'firm'), attributes a ChangeNOW freeze to an entity called 'Specter Investigations' that is not supported by any of its cited sources and appears to be a mischaracterization of an individual analyst named 'Specter,' and cites Draper Dragon/Node Capital as SWFT investors via a source that only names Draper Dragon. No link rot was found among directly-checked sources, though CoinDesk repeatedly returned HTTP 429 on direct fetch and had to be corroborated via search-engine excerpts.
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   {"actor":"reviewer","decided_at":"2026-08-25T02:46:16.979Z","decision":"review","investigation_id":"dc5c1b46-fb92-4f75-a9f4-bc35f44790d2","new_score":38,"page_slug":"bridgers-cross-chain-swap","prev_score":38,"reason":"The page's central claim — that BlockWatchdog identified Bridgers' Ethereum payout contract as the on-chain link between the TRON and Ethereum legs of the Coinsbuy hack — is well corroborated across CoinDesk, Decrypt, Crypto Economy, and other outlets, as are the specific dollar figures and fund-flow details. However, the page overstates BlockWatchdog's institutional status (independent sources call it a 'blockchain investigator,' not a 'firm'), attributes a ChangeNOW freeze to an entity called 'Specter Investigations' that is not supported by any of its cited sources and appears to be a mischaracterization of an individual analyst named 'Specter,' and cites Draper Dragon/Node Capital as SWFT investors via a source that only names Draper Dragon. No link rot was found among directly-checked sources, though CoinDesk repeatedly returned HTTP 429 on direct fetch and had to be corroborated via search-engine excerpts.","score_delta":0,"sequence_num":2,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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3. #3review reviseby judgejudge

   2026-08-25 02:46:17Z
   Score: 38 → 28 (-10)
   The page's central allegation — that BlockWatchdog identified Bridgers' Ethereum payout contract as the on-chain link between the TRON and Ethereum legs of the $8.07 million Coinsbuy hack — holds up and is well corroborated across multiple independent outlets (claim_findings[1]). However, the review surfaced several secondary accuracy problems: the page calls BlockWatchdog a 'blockchain intelligence firm' when every independently checked source calls it a 'blockchain investigator,' overstating its institutional standing (claim_findings[2]); the page attributes a ChangeNOW fund freeze to an entity called 'Specter Investigations' that appears in none of its cited sources and may be an invented or upgraded name for an individual analyst referred to elsewhere only as 'Specter' (claim_findings[5]); the page cites a source for 'Node Capital' as an investor that does not actually mention Node Capital (claim_findings[9]); and the page's $8.07M loss figure, while internally consistent with its own sources, is not reconciled against a cluster of outlets reporting $7.9M (claim_findings[12]). None of these affect the core allegation against Bridgers, but together they warrant correction before the page is treated as fully settled. Note: the reviewer's summary block undercounts findings (12 claims / 7 confirmed) versus the 13 entries actually present in claim_findings (8 confirmed); this verdict is based on the authoritative 13-entry array, under which disputed+unverifiable claims are roughly 15% of total, consistent with the reviewer's own reported disputed_pct of 0.17 and squarely in the minor-issues band.
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   {"actor":"judge","decided_at":"2026-08-25T02:46:16.979Z","decision":"review_revise","investigation_id":"dc5c1b46-fb92-4f75-a9f4-bc35f44790d2","new_score":28,"page_slug":"bridgers-cross-chain-swap","prev_score":38,"reason":"The page's central allegation — that BlockWatchdog identified Bridgers' Ethereum payout contract as the on-chain link between the TRON and Ethereum legs of the $8.07 million Coinsbuy hack — holds up and is well corroborated across multiple independent outlets (claim_findings[1]). However, the review surfaced several secondary accuracy problems: the page calls BlockWatchdog a 'blockchain intelligence firm' when every independently checked source calls it a 'blockchain investigator,' overstating its institutional standing (claim_findings[2]); the page attributes a ChangeNOW fund freeze to an entity called 'Specter Investigations' that appears in none of its cited sources and may be an invented or upgraded name for an individual analyst referred to elsewhere only as 'Specter' (claim_findings[5]); the page cites a source for 'Node Capital' as an investor that does not actually mention Node Capital (claim_findings[9]); and the page's $8.07M loss figure, while internally consistent with its own sources, is not reconciled against a cluster of outlets reporting $7.9M (claim_findings[12]). None of these affect the core allegation against Bridgers, but together they warrant correction before the page is treated as fully settled. Note: the reviewer's summary block undercounts findings (12 claims / 7 confirmed) versus the 13 entries actually present in claim_findings (8 confirmed); this verdict is based on the authoritative 13-entry array, under which disputed+unverifiable claims are roughly 15% of total, consistent with the reviewer's own reported disputed_pct of 0.17 and squarely in the minor-issues band.","score_delta":-10,"sequence_num":3,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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