Crypto-Follow logo Crypto-Follow logo
cryptonews 2022-02-03 05:42:00

The 4th Largest Crypto Theft Shows DeFi Weakness as Hacker Nets USD 325M in Solana's Wormhole

The DeFi bridge between Solana (SOL) and other blockchains Wormhole lost wETH 120,000 (USD 325m) in a hack, once again stressing the weaknesses of this nascent sector. The team offered the hacker a USD 10m bounty if they return the funds. In their latest update (12:41 AM UTC), Wormhole confirmed that the vulnerability has been patched and they "are working to get the network back up as soon as possible."...Read More: The 4th Largest Crypto Theft Shows DeFi Weakness as Hacker Nets USD 325M in Solana's Wormhole

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer