Solana Hackers Steal 320 Million From Wormhole Bridge The Cryptonomist The weth tokens represent eth on solana, so they should have the same value as eth. 120,000 weth would therefore currently correspond to approximately 320 million dollars. in order to prevent weth from losing the “peg” with eth, the wormhole team has promised to intervene by expanding the collateral with additional eth to secure the 1:1. 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.
Solana Hackers Steal 320 Million From Wormhole Bridge The Cryptonomist 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. Wormhole, a communication bridge between solana and other decentralized finance blockchain networks, said all funds have been restored and the platform is back up after hackers stole about $320 million in cryptocurrency. the online thieves made away with 120,000 weth, or so called wrapped ether, the project’s team said on twitter wednesday. The attacker apparently exploited the bridge between the ethereum and solana blockchains. it redirected around $320 million worth of eth to crypto wallets that don’t belong to the wormhole team. The latest hack in the crypto space has left a burning hole in the size of $320 million in ethereum competitor solana. the exploit was done through wormhole, a defi project that bridges the ethereum and solana blockchains. wormhole acts as a liquidity provider for the solana blockchain, and allows users to bring their ethereum tokens to the.
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