News about Wormhole

More / Etherum Reddit - 2 years ago

Question about the Wormhole hack

Who did it? More so, what can be inferred by the amount they stole. Like $200M? That in itself is ballsy. Likely to attract attention if the world's FBI, Interpol and what not. They think they can get away with that much. It's not easy to get...

by COINS NEWS - 2 years ago

A proper ELI5 on the Wormhole ETH hack

So, the other day there was an ELI5 here about the recent Wormhole hack. That post was completely wrong, however. Here's my take on a proper one. So, how did the hack happen? Lets use a traditional bank to represent Wormhole, and imagine that you...

by COINS NEWS - 2 years ago

The $320m Wormhole hack was "replenished" by Jump Capital, an institutional trading desk/market maker (similar to Citadel) without any questions. This shows the entire Solana ecosystem is just a sham propped up by institutional entities

Yesterday, the Wormhole bridge one of Solana's biggest bridges lost $320m in a hack. Within hours, a trading desk Jump Capital agreed to replenish the entire amount so that the liquidations calamity is avoided. The loss of the peg due to th...

by COINS NEWS - 2 years ago

Wormhole hacked (80,000 Ethereum) worth...

https://mobile.twitter.com/LefterisJP/status/1488977440940638216 The hacker took over 80,000 Ethereum and ran with it. Now they are offering an award if the crypto is returned... The hacker then took all that Ethereum and exchanged it for Solana. 480...