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

Date:

- Advertisement -

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.
- Advertisement -
Mufasa
Mufasahttps://cryptomufasa.com
We bring you the Latest News and Updates on Bitcoin, Ethereum, Cryptocurrency & NFTs.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More like this
Related

Kraken Settles With The SEC And Is Fined $362k For Violating U.S Sanctions on Iran

Kraken voluntarily agreed to pay a fine after the...

OKX released a proof-of-reserves page, offering instructions on how to self-audit its reserves

Cryptocurrency exchange OKX has released a proof-of-reserves page allowing...

500 million Whatsapp numbers are being auctioned off by Dark Web hackers

As hackers are selling as most updated mobile phone...

UK bank Starling restricts crypto-related purchases

Starling has banned customers from purchasing digital currencies with...