Friday, May 20, 2022

Hackers steal over $320mn in major crypto heist

One of the most popular bridges linking the Ethereum and Solana blockchains became a victim of a hack attack on Wednesday resulting in a crypto theft worth more than $320 million. 

Developers representing Wormhole confirmed the exploit on its Twitter account, saying the network bridge is currently down while the team investigates a potential exploit. The official website says that the portal is temporarily unavailable.

Wormhole is a protocol that lets users move their tokens and NFTs between Solana and Ethereum. Crypto holders often do not operate exclusively within one blockchain ecosystem, so developers have built cross-chain bridges to let users send their digital assets from one chain to another. Read more »