Wormhole DeFi protocol hacked for $320M; Solana tokens dip below $100

Cross-chain decentralized finance protocol Wormhole was hacked for more than $320M on Wednesday, making it one of the largest attacks in the space. Solana (SOL-USD -12.1%) tokens dipped below $100 per token on Wednesday afternoon, erasing most of its January gains, now changing hands at $96. Ethereum (ETH-USD -6.2%) is falling to $2.6K on Thursday. Bitcoin (BTC-USD -4.8%) edges lower to $36.5K as well. Note that Wormhole allows users to move their digital coins and non-fungible tokens between Solana (SOL-USD) and ether (ETH-USD). "The wormhole network was exploited for 120k wETH," the company wrote in a Twitter post on Wednesday. "ETH will be added over the next hours to ensure wETH is backed 1:1." A few hours later, "the vulnerability has been patched," the company wrote in another Twitter post. "We are working to get the network back up as soon as possible." The protocol's website is currently offline as "a fix has