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Solana’s Wormhole Bridge Says 120K ETH is Restored Following the Exploit

Summary:
Wormhole Bridge is back up with developers claiming that all funds are restored following the 0 million hack. Wormhole, a cross-chain bridge from Solana to other networks, suffered a major breach on Wednesday. Hackers managed to take control of 120,000 wrapped Ether worth 0 million. The breach impacted all users that held Ethereum tokens (wETH) on the Solana blockchain. Shortly after the attack, Wormhole updated its users on the situation. They also said that they patched the exploit. Moreover, devs offered a million bounty to the hackers in exchange for 0,000 in stolen funds. The agreement would allow the hackers to keep the money without fear of prosecution. On Thursday, Wormhole posted an update, saying that funds are restored, and the bridge is back up.

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Wormhole Bridge is back up with developers claiming that all funds are restored following the $320 million hack.

  • Wormhole, a cross-chain bridge from Solana to other networks, suffered a major breach on Wednesday.
  • Hackers managed to take control of 120,000 wrapped Ether worth $320 million.
  • The breach impacted all users that held Ethereum tokens (wETH) on the Solana blockchain.
  • Shortly after the attack, Wormhole updated its users on the situation. They also said that they patched the exploit.
  • Moreover, devs offered a $10 million bounty to the hackers in exchange for $320,000 in stolen funds. The agreement would allow the hackers to keep the money without fear of prosecution.
  • On Thursday, Wormhole posted an update, saying that funds are restored, and the bridge is back up.
  • However, 120,000 wETH is still in the attacker’s wallet. This led to speculation that the Wormhole team secured the funds from their investors.
  • Solana prices tanked following the attack. The “Ethereum killer” is down 11.52% in the last 24 hours.

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