Wormhole Network hacked for over 300 million USD

minenovo

Active member
According to initial reports, attackers exploiting deficiencies in the Wormhole Network’s Ethereum – Solana bi-directional bridge apparently stole some 93,750 Ether. At the current prices that makes about 250 million US dollars. However, according to other sources some 120,000 ETH were syphoned, which ups the damages to 320 million US dollars.

Earlier the Wormhole Network tweeted that they were down for now, but other as it turned out, the damage was already done. Wormhole later comfirmed that. The network previously claimed that they have 1 billion US dollars in TVL.

This attacked would be one of the largest DeFI crypto thefts so far, but unfortunately it is also one of many.
Source
These hacks seem to be happening more often and getting bigger than ever. It's a problem without a solution, it seems. :(
 
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