The Latest in IT Security

Wormhole Crypto Platform: ‘Funds Are Safe’ After $314M Heist

03
Feb
2022
Wormhole Crypto Platform: ‘Funds Are Safe’ After $314M Heist

image credit: pxhere

Wormhole – a web-based blockchain “bridge” that enables users to convert cryptocurrencies – said on Thursday that “all funds are safe” after attackers abused a vulnerability to shake it down for 120,000 Ethereum (approximately $314 million).

The popular bridge, which connects Ethereum (ETH), the Solana blockchain (SOL) and more, has reportedly been trying to negotiate on-chain with the attacker since Wednesday’s attack. The exploit was reportedly the fourth-largest crypto-heist ever, the biggest of 2022 so far, and the biggest one that Solana has faced yet.

Read More

Comments are closed.

Categories

TUESDAY, DECEMBER 06, 2022
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments