Bitcoin's price is up above $40K following a massive surge in just a few hours. The correlation with global markets is also put to the test.

Jason Yanowitz and Santiago Roel Santos talk about the latest in crypto news, from explaining the Wormhole hack to analyzing DAOs

The post Podcast: Consequences Of DeFi’s $320M Hack | Weekly Roundup appeared first on Blockworks.

Jump Trading group literally jumped in to get Wormhole back on track and restore the missing funds from the recent hack worth $320 million in wrapped Ethereum as we reported in our Ethereum news. A wormhole is a popular cross-chain crypto bridge between Ethereum, Avalanche, Solana, and others and it got hacked a day ago […]

Earlier on Wednesday, February 2, DeFi bridge protocol Warmhole announced that the platform was hacked as hackers managed to steal a staggering 120 wETH worth $320 million. Warmhole is a DeFi blockchain bridge between Ethereum and Solana allowing users to swap SOL for other cryptocurrencies. However, the firm’s leaders have said that they have restored

The post DeFi Bridge Warmhole Restores $320 Million Worth of Stolen Funds, Here’s What Unfloded appeared first on CoinGape.

February 3, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ FTX has acquired Liquid, a Japanese crypto exchange. Thailand is[...]

The post $300M+ Lost appeared first on Unchained Podcast.

On February 2, 2022, the Wormhole Network’s ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said a “detailed incident report” will be published soon. Wormhole Network Returns, […]

The popular bridge, which connects Ethereum, Solana blockchain & more, was shelled out by it's-not-saying. Wormhole is trying to negotiate with the attacker.

Blockchain bridge Wormhole has confirmed that roughly $320 million worth of cryptocurrency has been stolen following a hack discovered on Wednesday.

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One of the worst hacks against the Solana blockchain happened on Wednesday when a hacker managed to transfer 80,000 ether (ETH), over $214 million at the moment of writing, out of the Solana system and into the Ethereum blockchain through the Wormhole bridge – a service providing the ability to transfer funds between the different […]

The post Breakdown: How the hacker stole 80k ETH from the Solana Wormhole bridge appeared first on CryptoSlate.

Hackers stole $320M from Solana bridge wormhole which helps people move digital assets between other blockchains as well so let’s read further in our latest blockchain news. Wormhole is a protocol that allows users to move tokens and NFTs between Solana and Ethereum and it confirmed that it suffered an exploit of 120,000 wrapped Ethereum […]

Blockchain Bridge Wormhole Suffers $320 Million Exploit | Crypto Miner Shuts Down 99% of Operations Over Winter Storm | FTX Acquires Japanese FinTech Firm Liquid Group

Wormhole, a popular cross-chain bridge between Solana and other DeFi-based blockchain networks has been hacked for about 120,000 wETH (wrapped Ether) worth $320 million, making it the second-largest DeFi hack to date. On Wednesday, the team behind the project officially confirmed that the bridge is currently down while the team investigates a potential exploit. In a follow-up tweet, Wormhole confirmed that the vulnerability was patched and were working to get the network up and running again. The vulnerability has been patched. We are working to get the network back up as soon as possible. — Wormhole🌪 (@wormholecrypto) February 3, 2022 The attack approximately took place at 6:24pm UTC on Feb. 2 where the hacker minted 120,000 wETH (WETH) on Solana, then redeemed 93,750 WETH for ETH worth $254 million onto the Ethereum network at 6:28 pm UTC. Since then, the hacker has used some funds to buy SportX (SX), Meta Capital (MCAP), Finally Usable Crypto Karma (FUCK), and Bored Ape Yacht Club Token (APE). The remaining WETH was swapped for SOL and USDC on Solana. Currently, the attacker’s Solana wallet holds 432,662 SOL worth $44 million. Wormhole Offers $10M Bug Bounty to Hackers Wormhole is a DeFi protocol that allows users to bridge assets across Terra, Solana, Ethereum, Binance Smart Chain, Avalanche and Polygon without the use of a centralized exchange (CEX). When a user transfers assets from one blockchain to another, the DeFi platform locks the transaction and mints a wrapped version of the token to its final chain. About an hour after the exploit, Wormhole offered the hacker a $10 million bug bounty in an on-chain message in return for the funds: “We noticed you were able to exploit the Solana VAA verification and mint tokens. We’d like to offer you a whitehat agreement, and present you a bug bounty of $10 million for exploit details, and returning the wETH you’ve minted.” This is the second smart contract exploit after hackers made off with $80 million from decentralized finance protocol Qubit Finance last week.

The post Wormhole Loses $320M in Second-Largest DeFi Hack Ever appeared first on Cryptoknowmics-Crypto News and Media Platform.