The Wormhole cross-chain protocol lost nearly $320 million in a hack. This is one of the largest hacks in the history of decentralized finance (DeFi).
This is the second largest DeFi exploit ever, just behind the $600 million Poly Network hack, and is the largest attack on Solana to date.
The Wormhole developers confirmed the exploit, saying the network "unavailable for service" while they investigate the incident. The official website of the protocol is currently not working.
An analysis by cybersecurity company CertiK found that the attackers' profits amounted to at least $251 million in Ethereum, almost $47 million in Solana and more than $4 million in USDC.
The Wormhole team has already sent an offer to the hackers to return assets for a reward of $10 million.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Vee.Finance DeFi protocol hacked for $35 million
Just a week after its launch, the Vee.Finance landing platform based on the Avalanche blockchain lost $35 million as a result of a hacker attack.
DeFi platform dYdX launched its own governance token
According to a statement on the dYdX website, the decentralized trading platform is launching its own governance token.
