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February 2, 2022, 6:05 pm EST
- “As far as we can tell now, only wETH has been affected, no other tokens,” a Wormhole admin wrote on Telegram
- The protocol offered the hacker a bounty of $10 million for details on the exploit and return of the stolen wrapped ether
Wormhole, one of the largest bridges between Solana and other blockchains, has been hacked for about $320 million, or 120,000 ether — making it the second largest DeFi hack to date.
The interoperability protocol confirmed the exploit in a tweet Wednesday evening.
“ETH will be added over the next hours to ensure wETH is backed 1:1,” the protocol wrote. “More details to come shortly. We are working to get the network back up quickly.”
Wormhole said earlier that the network was down for maintenance. Its website stated “Portal is Temporarily Unavailable” at the time of publication.
The exploit comes after hackers made off with $80 million from decentralized finance protocol Qubit Finance last week.
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