Wormhole Token Bridge Loses 321m In Largest Hack So Far In 2022 Image: shutterstock. wormhole, a protocol that allows users to move their tokens and nfts between solana and ethereum, has confirmed that it suffered an exploit of 120,000 wrapped ethereum, worth over $320 million—higher than the $250 million originally suspected. "eth will be added over the next hours to ensure weth is backed 1:1," it posted. Published february 03, 2022. 04:47 pm est. wormhole, one of the most popular bridges that link the ethereum and solana blockchains, has suffered a theft of cryptocurrencies worth over $320 million.
Hacker Steals 320 Million From Wormhole Token Bridge Bu A bridge like wormhole takes an ethereum token, locks it into a contract on one chain, and then on the chain at the other side of the bridge, it issues a parallel token. “the $320 million. A decentralized finance (defi) platform called wormhole said wednesday that a hacker made off with approximately $322 million worth of cryptocurrency. the heist was enabled by a flaw in wormhole. It redirected around $320 million worth of eth to crypto wallets that don’t belong to the wormhole team. a bridge is a combination of smart contracts that facilitate interoperability and. The wormhole incident marks the second largest defi hack ever, and the largest so far in 2022. last august, hackers stole an estimated $611 million from cryptocurrency exchange poly network. those.
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