Ethereum and Solana network liaison Wormhole faced a hacker attack and caused 120,000 Wrapped Ethereum (WETH) worth $ 321 million (RM1.34 billion) to be lost and stolen.
Wormhole details
Is a cross-blockchain bridge Solana to various blockchains.
Allows the transfer of assets from one blockchain to another.
When an asset transfer occurs, the liaison will usually lock in the asset first and mint (produce) in version
The wrapped version will be included in the destination blockchain.
Wormhole also supports several other networks such as Avalanche, Binance Smart Chain, Oasis, Polygon, and Terra
So far, Womhole has failed to identify how the theft was carried out.
But around 4am Malaysian time today, they gave a network maintenance notice due to potential hacking before confirming it at around 6am.
‼ ️ The wormhole network 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
The incident is reminiscent of the partnership of Etheruem founder, Vitalik Buterin in early January. According to him, in the future the bridges will sink as a result of its weakness which is easy to dig.
Instead, users and developers of crypto projects will focus on multi-chain.
For the record, this hacking incident became the second largest after Poly Network which was also hacked resulting in the loss of assets worth $ 2.5 billion in August last year.
At the time of writing, for a 24 -hour observation ETH recorded a price decline of over 2%, traded at $ 2,682, and SOL was valued at $ 99.22, a decline of over 9%.
