Wormhole’s $320 million loss, which could have wreaked havoc on the Solana DeFi ecosystem, was backstopped by bridge owner Jump Trading, sources tell CoinDesk. Blockanalia reports
devastating exploits in crypto history
On Wednesday night, the Wormhole bridge suffered an exploit to its Solana-Ethereum bridge, with an attacker fraudulently minting 120,000 ETH worth over $320 million. The attacker moved the majority of the funds to the Ethereum main chain, while keeping 40,000 wrapped ETH on Solana and trading portions of that ether for other assets.
Step Finance founder George Harrap told CoinDesk on Wednesday that a number of Solana-based protocols that accept ETH as collateral could become insolvent due to the exploit.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Mapping out Jump Crypto's portfolioJump Trading was founded by Paul Gurinas and Bill Disomma, former CME Group pit traders, in 1999. The proprietary trading firm, which focuses on
Lire la suite »
Spotify, Facing Pushback Against Joe Rogan, Reports Jump in UsersSpotify reported a jump in listeners and ad revenue as it deals with some artists pulling their music from the service in protest of Joe Rogan. The company said it was too early to tell if the controversy was having an impact on subscribers.
Lire la suite »
Why did WazirX token (WRX) jump 30% after India announced its big crypto tax?Up on news! WRX’s price surged nearly 30% to over $1 following reports that the Indian government may be softening its stance on crypto.
Lire la suite »
Asian Stock Market: KOSPI bucks the trend with biggest daily jump in a yearGlobal markets turn cautious as traders brace for the ECB and the BOE monetary policy announcements during early Thursday. Adding to the risk-off mood
Lire la suite »
Hate crimes in L.A. and other U.S. cities jump to levels not seen in decades, study findsLos Angeles recorded the most hate crimes among large U.S. cities last year, posting a 71% jump in the incidents, a study found.
Lire la suite »
Chicago Public Schools sees jump in students registered for COVID-19 testing as cases drop off from omicron peaksMore than 91,000 students have registered for Chicago Public Schools’ free, weekly COVID-19 testing, but there are still about 50 schools that have not received enough sign-ups from unvaccinated students.
Lire la suite »