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Home » Hackers Hacked the Wormhole DeFi Platform and Stole $325 of Cryptocurrencymillion

Hackers Hacked the Wormhole DeFi Platform and Stole $325 of Cryptocurrencymillion

James by James
February 20, 2022
in Altcoin News
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Hackers Hacked the Wormhole DeFi Platform and Stole $325 of Cryptocurrencymillion
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The developers of the platform offered the attackers $10 million for a refund.

  • Attackers entered the system through a vulnerability report published on GitHub, according to The Verge. First, the company announced that it closed the platform for technical work, and then confirmed the hacking and theft of money.
  • The hackers bypassed the transaction signature verification, withdrew 120,000 wETH tokens from the server, exchanged them for Ethereum, and sent them to their account.
  • After the hack, Wormhole representatives asked the hackers to return the stolen money and offered $10 million in return – the company sent a message to their Ethereum wallet address.
  • Wormhole offers users financial services, such as loans, loans and deposits, but in cryptocurrency and without the participation of banks.
  • In December 2021, hackers hacked the Poly Network DeFi platform and stole $600 million from it, the largest theft in the history of such hacks. That same month, hackers hacked BadgerDao and stole $120 million worth of cryptocurrencies.
  • In January 2022, the same thing happened with the Qubit Finance platform – $80 million was stolen.

#news #defi #wormhole

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James

James

James is a 33-year-old cryptocurrency enthusiast who has been involved in the industry since 2017. He has always been a keen follower of the crypto space and has experience in trading and mining cryptocurrencies. Since then, James has also written numerous articles on the subject and is passionate about sharing his knowledge and insights with others.

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