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

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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