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

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.

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