Hacker magics $300M worth of crypto out of thin air in fourth largest blockchain heist ever

Join Humble Bundle now for 12 games for $12! Plus, keep your games forever.
- Advertisement - - Big savings on official Steam games

A big-scale crypto heist that occurred final evening could possibly be the fourth largest of all time. A cryptocurrency portal, Wormhole, has been hacked and funds stolen valued at $300–330 million. Confirming the hack yesterday, Wormhole has since patched the exploit in its system which allowed hackers to steal almost 120,000 wETH, a 1:1 exchangeable token with the Ethereum community’s ether.

- Advertisement -

Wormhole is a cryptocurrency community, or bridge, that enables customers to switch cryptocurrency between varied blockchains, together with the Ethereum and Solana networks. It primarily works by holding a person’s tokens in a wise contract on the departing chain, after which minting a wormhole ‘wrapped’ token on the vacation spot chain. These wrapped tokens can then be swapped for native tokens on the vacation spot chain, successfully swapping crypto between main chains.

Source link

View the best new releases at Fanatical!

Latest articles


Related articles