; The breach impacted all users that held Ethereum tokens (wETH) on the Solana blockchain. Wormhole, a cross-chain bridge from Solana to other networks, suffered a major breach on Wednesday. In 2021, overall bridge and DeFi exploits went above $680M in total, with individual exploits much lower in comparison to the latest heist. Wormhole Solana Bridge. This includes converting ERC-20 liquidity into SPL liquidity in one swoop. According to our sources the attacker gets 120,000 ETH in the first place from an earlier transaction. The hack on Wormhole Bridge happened around 6:24 pm UTC, with the attacker minting 120,000 wETH on Solana. Wormhole 由 Wormhole Contract 和 Bridge 两部分组成。作为 Solana 链上的官方跨链桥，Wormhole 允许 NFT 以及 ERC20/SPL 格式代币在 Solana 链与以太坊主网之间进行跨链转账。 It has a circulating supply of 314.8 million SOL coins and a 24 hours trading volume of $3.2 billion. The Wormhole team has offered a $10 million bug bounty to return the funds. Below, we provide our readers with an overview and description of three noteworthy Bridges designed for Solana: the Wormhole bridge, the REN VM Bridge and APYSwap's All Bridge. Wormhole — Solana/Ethereum Bridge. When the Wormhole bridge connected to Terra, it allowed connectivity between Terra, Solana, Ethereum, Polygon and Binance Smart Chain. Wormhole is designed to do exactly that, as it removes the need to route through FTX altogether. Wormhole is a protocol that connects tokens to multiple chains including Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche, and Oasis. Wormhole's bi-directional NFT highway will provide a portal between Solana and Ethereum. Contribute to GenesysGo/GitBook development by creating an account on GitHub. Wormhole is a bridge protocol that allows cross-chain messages to contain abstract data and enables developers to create applications on or utilizing Wormhole. Solana is currently trading at $98.45 with a drop of 9.42% in the last 24 hours. Send tokens 4. This is the largest crypto hack of 2022 and the second largest DeFi hack to date. The attacker(s) made away with 120,000 wrapped Ethereum (wETH) tokens, worth about $320 million at the time. The Wormhole integration will bridge Acala and Karura to Ethereum, Solana, Terra, Avalanche, Polygon, Oasis, Fantom and Binance's BNB chain. This means that large amounts of ETH on the Solana blockchain are now unbacked. Hackers managed to take control of 120,000 wrapped Ether worth $320 million. Solana is trending down again. To avoid loss of funds, you should never close the page before the transfer is completed and you should strictly followthe . Here's how it works: Step 1 Swap your SOL or USDC for wLUNA or wUST on your DEX of choice. The Wormhole team has announced that more Ethereum will be added to . Wormhole is a bi-directional decentralized bridge between the Ethereum blockchain and the Solana blockchain. They are offering SOL, Terra, ETH, and BSC connections, meaning you could move assets between those chains easily. In partnership with Certus One, Solana announced Wormhole, the first of many bi-directional cross-chain bridges on Solana. Wormhole, one of the most popular bridges linking the ethereum and solana blockchains, lost about $320 million in an apparent hack Wednesday afternoon. The remaining tokens were converted into SOL and . The Wormhole bridge works by locking the tokens on the original chain and mints a . Here's how it happened. Wormhole allows existing projects, platforms, and communities to move tokenized assets seamlessly across . Its technology lets non-native assets, especially ERC-20 tokens, function on Solana's fast growing network , gaining the benefit of Ethereum's popularity as the DeFi leader as well as Solana's emerging strength in the areas of low . The version of solana_program that Wormhole used didn't verify the address being used. Things just keep going from bad to worse for Solana. Obviously, there are many bridges between ETH and BSC that are radically higher in volume. Guide. Introducing Wormhole V2. The Wormhole exploit was one of the biggest in the past months. The Wormhole team has announced that more Ethereum will be added to . Wormhole exploited for 80k eth. The token bridge between Ethereum and Solana saw 120,000 Wrapped ETH (WETH) tokens removed and distributed to the hacker's Solana and Ethereum wallets. Warning. Solana's Wormhole Bridge Gets Hacked For $200 Million. Solana Wormhole Hack Spurs Multi-Chain vs Cross-Chain Debate. Infrastructure Apr 3, 2020 Try It Report project Token Origin Verifier Source Wallet not connected 2. Wormhole, a protocol which lets users bridge assets between Solana and other blockchains, has been exploited to the tune of over $320M.. News of the exploit was first shared on Twitter by samczsun, a research partner at crypto investment firm Paradigm.. That would make it DeFi's second largest exploit ever, according to rekt's leaderboard, which ranks crypto exploits by the total value of . Wormhole, a protocol that allows users to move their tokens and NFTs between Solana and Ethereum, has confirmed that it suffered an exploit of 120,000 Wrapped Ethereum, worth over $320 million—higher than the $250 million originally suspected. In this video i show you how to use the solana wormhole bridge, i go from solana into the terra luna blockchain.Website: https://wormholebridge.com/———Social. In order to bring even more liquidity to the ecosystem, Solana. Wormhole Bridge to Solana Loses $300M in ETH Tokens: Is Play to Earn Affected. Op use Wrapped BTC (Sollet) on Solana instead, have much greater liquidity on raydium and so on and can be sent to native BTC chain (unwrap) using Sollet. What Happened: The developers of the network that helps users move coins and non-fungible tokens between Solana and . We would like to show you a description here but the site won't allow us. Existing projects, platforms, and communities are able to move tokenized assets seamlessly across blockchains and benefit from Solana's high speed and low cost. Solana, a scalability-focused blockchain platform developed by Solana Labs, has introduced Wormhole, a cross-chain bridge that will allow users to turn ERC20 tokens into Solana's SPL tokens for use in DeFi applications.. Solana Foundation announced the news in a blog post published on Thursday, October 8 th.According to the announcement, Wormhole is introduced in partnership with Certus One . A couple of months ago, we shared a very popular step by step guide that explained how to use Wormhole to transfer assets from Eth to Solana using Wormhole v1. Today, we announced a collaboration with the Wormhole team to set up Solana's first 4pool for wrapped wormhole tokens, allowing . Wormhole, a protocol that allows users to bridge tokens between Solana and other blockchains like Ethereum, has been exploited to the tune of 120,000 wETH (about $312 million at the time of writing). Hello Crypto Community!In this video, I give a tutorial on bridging your assets from Ethereum to Solana, or Solana to Ethereum, using the Wormhole Bridge.My . Hackers managed to take control of 120,000 wrapped Ether worth $320 million. The company behind the wormhole project . The two blockchains are popular in the world. And we've figured out a few things that can be done to completely boost its robustness and make it . Wormhole Bridge is back up with developers claiming that all funds are restored following the $320 million hack. In what has gone down in DeFi history as the second-largest exploit, popular cross-blockchain bridge, Wormhole Token Bridge, disclosed late Wednesday that a security exploit had left it short of 120,000 Wrapped Ether (wETH) worth $321 million. Wormhole is the first Bridge to put SOL into this world. That is, major developers both in Cardano and in our team are deeply looking at how Djed is structured and figuring out how we can boost up security even more. Hackers reportedly targeted the Solana Wormhole bridge, with 80,000 in WETH sent to the hacker's wallet. Overnight, news hit the wires of the Solana wormhole succumbing to an 80,000k ETH hack. The popular Solana Wormhole bridge has just fallen victim to hackers at an exploit of 80K ETH (212.3 million). With the Wormhole bridge, you are able to "send" Wormhole wrapped versions of LUNA and UST on Solana (wLUNA & wUST) over to the Terra chain without extra steps like going through a centralized exchange or multiple on-chain swaps. Wormhole is a secured bridge between Solana and other top DeFi networks such as Ethereum, BSC and Terra. The Solana Wormhole is an Ethereum bridge that helps transfer wealth from the Ethereum blockchain to the Solana blockchain. The Solana network's leading interoperability protocol - Wormhole 2.0 - has officially launched a cross-chain bridge between Solana and Ethereum (ETH). According to smartcontracts, the first breakthrough and partial explanation came from a transaction on Solana which somehow minted 120,000 "Wormhole ETH", wrapped ether on Solana, out of nowhere. In parallel, Ethereum's community can benefit from Solanas's proof-of-stake protocol, which guarantees speed of light transactions for a fraction of the cost. By Steve Muchoki 3. According to Forbes, the attack caused a 10 percent drop in the value of the Solana cryptocurrency in the aftermath of the hack. Wormhole's NFT bridge will enable Solana-based projects to gain exposure on Ethereum markets. It's the second month of 2022 and Solana (SOL) is already experiencing its third major hiccup. The bridge was developed by Certus One, a premier validator for distributed ledger technology (DLT), and a partnership with Solana network. It is now trading 62.15% down from its November 6, 2021, all-time high of $260.06. 80k ETH pulled out of the Wormhole contract on Ethereum in a single transaction: Although it's dramatic, this . Wormhole, a protocol which lets users bridge assets between Solana and other blockchains, has been exploited to the tune of over $320M.. News of the exploit was first shared on Twitter by samczsun, a research partner at crypto investment firm Paradigm.. That would make it DeFi's second largest exploit ever, according to rekt's leaderboard, which ranks crypto exploits by the total value of . The attacker apparently exploited the bridge between the Ethereum and Solana blockchains. 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