Tag: 320M
Wormhole Raises $320M Worth of Hacked, Brings Everything Back to Normal
Jump Crypto, the crypto venture capital firm that owns Certus One, the developer of the Wormhole token bridge, has announced that it has deposited 120,000 ETH into its Solana-Ethereum bridge that was severely damaged the day before by a fraudulent hacker. The lab generates 120,000 wETH worth $321 million on the Solana platform (SOL), then exchanges it for 93,750 ETH on the Ethereum network, and the rest to other altcoins on the Solana network.
The cross-chain ETH-wETH should have an … Read more