Hackers stole more than $320 million in cryptocurrency by breaking into an online communications bridge called Wormhole which links different DeFi blockchain networks.
Wormhole said thieves “exploited” the network and managed to steal 120,000 wrapped ether, the company said on Twitter. Wormhole is one of the popular communications bridges connecting the Ethereum and Solana blockchains.
Ronghui Gu, co-founder of CertiK, a blockchain security company which analyzed the breach, said the attack highlights the "growing concern around blockchain security.”
“The price that the most adventurous DeFi explorers pay is a heightened risk of falling victim to these exploits of innovative but ultimately unsecure platforms,” he told Protocol.