$320 million worth of crypto has been stolen after a hack targeting Wormhole 😬 120,000 Wrapped Ether tokens were taken, and it's the fourth-biggest hack in crypto history 💸 The attacker is being urged to return the funds for a $10 million reward 💰
worth of cryptocurrency has been stolen after an audacious hack targeting Wormhole, a protocol that connects the Solana and Ethereum blockchains.Wrapped Ether tokens were taken in the attack — and the project has pleaded with the hacker to return the funds, promising to pay them aWormhole says the vulnerability that caused the hack has been patched, with the network adding ETH to ensure that wETH continues to be backed on a one-to-one basis.
Although users have been assured that their funds are safe, the hack has been calamitous for the price of SOL, which has fallen byTom Robinson, the co-founder of the blockchain analytics firm Elliptic, told"This demonstrates once again that the security of DeFi services has not reached a level that is appropriate for the huge sums being stored within them. The transparency of the blockchain is allowing attackers to identify and exploit major bugs.
Figures from Elliptic suggest this is the fourth-largest crypto theft of all time — and the second biggest ever to be recorded in the DeFi space. The company also noted that potential victims have been attempting to message the hacker directly, with one writing: "I lost $100,000 in your attack. I am a nurse. These are all my savings. I hope you can return it to me. Everyone will get sick. Think of the nurses who care for you when you are sick. I wish you always healthy and enjoy the happiness of the world. GOD BLESS YOU."
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