Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum

Wormhole Network's Cross-Chain Bridge Exploited for Over $250 Million in EthereumReports indicate that the Wormhole Network’s ethereum ↔ solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The developers behind the Wormhole Network have told the public the network is “down for maintenance,” as the team “looks into a potential exploit.” Wormhole […]

Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit

Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole ExploitOn February 2, 2022, the Wormhole Network’s ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said a “detailed incident report” will be published soon. Wormhole Network Returns, […]

Hacker Siphons $80 Million From Qubit Cross-Chain Bridge, Largest Defi Exploit of 2022 to Date

Hacker Siphons $80 Million From Qubit Cross-Chain Bridge, Largest Defi Exploit of 2022 to DateFindings stemming from a recent report published by the security-focused blockchain firm Certik indicate that the Binance smart chain ↔ Ethereum bridge called Qubit has been hacked for $80 million. Data shows on January 27, 2022, an attacker siphoned a number of tokens from an exploit on Qubit Finance’s bridge and Certik says the hack […]

Near Foundation Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]