Hacker stole $323 million USD from Wormhole protocol in wETH tokens through exploit

The team of Wormhole proposed to the hacker to return the funds and offer him a $10 million reward. It is not known whether the hacker accepted the deal.

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Wormhole, the protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. that allows users to move their tokens and NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. between the networks of Solana y Ethereum, was the victim of an exploit that resulted in the theft of at least $323 million.

Robo a Wormhole through exploit

The security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. breach even led to the suspension of the service. This was reported by the Wormhole through his account an account is essentially a whose purpose is to track the financial activities of a specific asset/ on Twitter, where he indicated that they were doing the review to verify the existence of the exploit in question, apologizing to users for the inconvenience caused.

‼️ The wormhole network a network refers to all nodes in the operation of a blockchain at any given moment in time. is down for maintenance as we look into a potential exploit.

???? We will provide updates here as soon as we have them.

???? Thank you for your patience.

— Wormhole???? (@wormholecrypto) February 2, 2022

Subsequently, the team of Wormhole confirmed the suspicions and revealed that through the exploit some 120,000 wETH, whose estimated value is about USD $323 million.

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 interesting thing is that a researcher revealed the existence of the exploit, to which the team of Wormhole left him a message in a block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. through the network of Ethereum, where it reads:

“We realized that you can exploit an exploit in Solana’s VAA verification and mint tokens. We’d like to offer you a Whitehat-type deal and offer you a $10 million reward for discovering this, in exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. for returning the stolen wETH.”

Despite the fact that Wormhole offered this agreement, it is not known at the moment whether they eventually returned the funds.

Wormhole and other networks

While Wormhole allows to interconnect the networks of Ethereum a decentralized open-source blockchain with smart contracts functionality. y Solana, its operation also includes the Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. by Avalanche, Binance Smart Chain, Oasis, Polygon y Terra . This allows you to wrap tokens and use them in other ecosystems.

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Source: Decrypt , Twitter

Version by Angel Di Matteo / DiarioBitcoin

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