$324 million stolen from blockchain platform Wormhole

Wormhole, a popular blockchain bridge, confirmed on Wednesday evening that hackers stole crypto-assets worth $324 million.

The platform serves as a bridge between different blockchains and allows users to transfer cryptocurrency. The company confirmed in a series of Tweets that 120k wETH was stolen from the platform and the network was down for maintenance as they looked into a potential exploit.

The wormhole network was exploited for 120k wETH.

ETH will be added over the next hours to ensure wETH is backed 1:1. More details to come shortly.

We are working to get the network back up quickly. Thanks for your patience.

— Wormhole🌪 (@wormholecrypto) February 2, 2022

The platform’s website has “Portal is Temporarily Unavailable” in block letters but no other message. Researchers found evidence of an 80,000 ETH transfer from Wormhole as well as another 40,000 of ETH being sold by the hacker on Solana. 

Elliptic’s Tom Robinson shared a message from Certus One, the company behind Wormhole, to the hacker offering $10 million for the exploit details and return of all the cryptocurrency. 

The company said the hacker exploited “the Solana VAA verification and mint tokens” in the message.

“The exploit appears to have allowed the attacker to mint 120,000 wrapped ETH on

Read More: https://www.zdnet.com/article/324-million-in-ether-stolen-from-blockchain-platform-wormhole/#ftag=RSSbaffb68