The 4th Largest Crypto Theft Shows DeFi Weakness as Hacker Nets USD 325M in a Wormhole
The DeFi bridge between Solana (SOL) and other blockchains Wormhole lost wETH 120,000 (USD 325m) in a hack, once again stressing the weaknesses of this nascent sector. The team offered the hacker a USD 10m bounty if they...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The DeFi bridge between Solana (SOL) and other blockchains Wormhole lost wETH 120,000 (USD 325m) in a hack, once again stressing the weaknesses of this nascent sector. The team offered the hacker a USD 10m bounty if they return the funds.
In their latest update (13:39 UTC), Wormhole said that "all funds have been restored and Wormhole is back up," while a detailed incident report should be shared "asap."...
Read More: The 4th Largest Crypto Theft Shows DeFi Weakness as Hacker Nets USD 325M in a Wormhole
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Securitize Rolls Out 1:1-Backed Tokens of Apple, Nvidia and 10 Other U.S. Stocks on Solana
Securitize launched Securitize Stocks on Thursday, a line of tokenized U.S. equities for eligible investors in the U.S., the Europ...
Uranium Finance hacker convicted over DeFi exploits and laundering
The conviction highlights the enduring vulnerability of DeFi platforms and the lengthy process of legal recourse, impacting user t...
Hackers Attack Another Bitcoin Project as Ark’s Second Exploited
In another cyber attack against a Bitcoin project, Second, the developer of an implementation of the Ark Protocol, confirmed it lo...
Citi predicts Bitcoin going back to $113,000. Here’s what the buying data shows
Citi's $113,000 Bitcoin target would require a roughly 36% rise from the Oct. 7 reference price, keeping it below its previous rec...
Ethereum ETFs Lose $201.9 Million As Bitcoin Funds Return To Inflows
TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors. Bitcoin ETFs mo...
Bitcoin keeps losing ground when Wall Street opens as Coinbase discount deepens
Bitcoin’s US-session weakness is deepening as BTC prices on Coinbase trade at a $64 discount to Binance, the largest global crypto...