I often see people staring at large on-chain transfers and hot/cold wallets on exchanges, shouting "Smart money is coming" whenever there's movement, but I tend to pause first: what exactly do you believe in with this cross-chain/transfer? To put it plainly, for a cross-chain message to take effect on another chain, it has to be "endorsed" along the way — the source chain must not rollback, proof generation (light clients/oracles/multisig, etc.) must be correct, relayers must not mess up the message transfer, the target chain's verification logic must be complete, and the final deployed contract must not be vulnerable to reentrancy or permission exploits. IBC is relatively straightforward because its verification is more "chain-to-chain," but it's not immune to errors—parameters, upgrades, relayers are all points where humans can make mistakes. Anyway, I don't just watch the hype around bridges; I prefer to map out the trust chain. If you can't draw it, consider the risk unpriced.