Bridge in any direction. Solana's Wormhole Bridge was first introduced by Certus One back in October of 2020. Was the wormhole bridge audited? Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange (CEX). With Wormhole's bidirectional bridge, you can easily move any token between Ethereum and Solana. How to bridge to Solana with Wormhole? The Wormhole bridge doesnt convert or swap assets: when you bridge tokens through Wormhole, the origin token gets locked in a smart contract, and a new wormhole wrapped token gets minted on the target chain. Wormhole allows users to seamlessly bridge Wormhole, a protocol which lets users bridge assets between Solana and other blockchains, has been exploited to the tune of over $320M.. News of the exploit was first shared on Twitter by samczsun, a research partner at crypto investment firm Paradigm.. That would make it DeFis second largest exploit ever, according to rekts leaderboard, which ranks crypto Solana Wormhole bridge exploited for 120k ETH. You can swap those for other (native) tokens on the target chain. Hackers reportedly targeted the Solana Wormhole bridge, with 80,000 in WETH sent to the hackers wallet. The Solana Wormhole bridge was reportedly targeted by hackers, with 80,000 WETH sent to the hackers wallet. It is DeFi's seco According to blockchain analytics firm Elliptic, Wormholes failure to confirm guardian accounts allowed the attacker to create $325 million worth of ETH out of thin air. The breach was specifically related to how the cross-chain bridge was connected to Solana (though it can connect between a ton of other blockchains). .support for multiple runtimes. Wormhole. It appears that sending UST to Solana is a use case that the market was looking for, and has been met with the Terra->Solana Wormhole bridge. THIS INTERFACE AND THE WORMHOLE PROTOCOL ARE PROVIDED "AS IS", AT YOUR OWN RISK, AND WITHOUT WARRANTIES OF ANY KIND. The launch announcement notes that Saber, the Solana-fueled protocol with greater than $4 billion total-value locked (TVL), will assist migration from Wormhole V1 to V2. To review, open the file in an editor that reveals hidden Un The result for the Solana platform is unbacked ETH on the Solana blockchain. ; The breach impacted all users that held Ethereum tokens (wETH) on Wormhole, a Solana cross-chain bridge, was exploited today for $325 million (120,000 $ETH). This is a place to post any information, news, or questions about the Solana blockchain. The bridge allows users to turn ERC20 tokens into Solanas SPL tokens for use in DeFi applications built on Solana. Wormhole is designed to do exactly that, as it removes the need to route through FTX altogether. The wormhole page has since been removed. The perpetrators were essentially able to mint about 120,000 wrapped Ether (wETH) out of the void on the Solana blockchain. Key Points. Solana, one of the top 100 blockchains existing with over a $95 million market cap, launched today a communication bridge that connects its users to several prominent decentralized finance protocols present in Ethereum called the Wormhole.In simplest terms, Solanas Wormhole project connects its native token, the SPL, to Ethereums Ether and ERC Select tokens to send through the Portal. This includes converting ERC-20 liquidity into SPL liquidity in one swoop. Mainly, due to the ability to list Sol assets on Ethereum-based Marketplaces like OpenSea. The Wormhole SDK covers a wide range of use cases to make xChain simpler for tokens, NFTs, apps, and other generic messaging applications. Now, collectors can transfer NFT assets effortlessly between the two chains. Wormhole gets exploited for over $300 million worth of ETH. blockchain News Wormhole Releases Solana and Ethereum NFT Bridge A Bi-Directional Highway for Blockchain Collectibles. In what has gone down in DeFi history as the second-largest exploit, popular cross-blockchain bridge, Wormhole Token Bridge, disclosed late Wednesday that a security exploit had left it short of 120,000 Wrapped Ether (wETH) worth $321 million. The cryptocurrency network Solana (SOL) has been making waves during the last few months and recently made it into the top ten crypto assets ranked by market valuation. This subreddit is operated by the Solana Foundation. On September 17, 2021, Solana protocol fans were introduced to the launch of the Wormhole Networks ethereum solana bridge, which means assets between each chain can be intermingled. Heres how it works: Step 1. This is the largest crypto hack of 2022 and the second largest DeFi hack to date. The developers of the Wormhole Bridge, designed to connect different blockchains, presented the second iteration of the solution and shared the details of Guide. Step 3: Select Solana as the recipient and connect your SOL wallet If you do not have the token account it needs to be created Step 4: Send the tokens to the Wormhole Token Bridge You have the choice to approve the exact amount of tokens or to approve an unlimited amount to not have to do it again whenever you bridge that token. Vitalik sounded the alarm bells less than 30 days ago. ETH on Solana no longer backed by real ETH. The token bridge between Ethereum and Solana saw 120,000 Wrapped ETH (WETH) tokens removed and distributed to the hackers Solana and Ethereum wallets. Wormhole Networks Ethereum- Solana bridge was hit by an attacker for 120,000 wETH. The wormhole network was exploited for 120k wETH. The Wormhole network says it lost a massive 120,000 in wrapped Ether US$324 million worth. Wormholes NFT bridge will enable Solana-based projects to gain exposure on Ethereum markets. It redirected around $320 million worth of ETH to crypto wallets that dont belong to the Wormhole team. The developers of the bridge Wormhole announced the launch of the second version of the solution. This is the largest crypto hack of 2022 and the second largest DeFi hack to date. The Wormhole team has offered a $10 million bug bounty to return the funds. Starting today, 21st February, 2022, you will be able to move your XTAG to the Avalanche network from Solana using the Wormhole Bridge Hackers managed to take control of 120,000 wrapped Ether worth $320 million. Solana felt the full effect of the heist and shed about 10 per cent off its price. Overnight, news hit the wires of the Solana wormhole succumbing to an 80,000k ETH hack. No one's gloating. On February 2nd one of the top 5 crypto hacks of all time happened on the DeFi platform Wormhole. Wormhole Solana Bridge. Wormhole Bridge is back up with developers claiming that all funds are restored following the $320 million hack. Closing the page may result in a loss of funds. Wormhole is a secured bridge between Solana and other top DeFi networks such as Ethereum, BSC and Terra. The famed Solana Wormhole bridge has just fallen prey to hackers at an 80K ETH attack (212.3 million). Wormhole is a secured bridge between Solana and other top DeFi networks such as Ethereum, BSC and Terra. Break Through, Break Free. Wormhole, a popular multi-chain bridge protocol, has announced support for a new bridge to Polygonthe top sidechain on Ethereum. Solana has risen 5,504% in value during the last year and today, solana (SOL) is a top ten crypto-asset holding the seventh largest position in terms of market capitalization. The token bridge between Ethereum and Solana saw 120,000 Wrapped ETH (WETH) tokens removed and distributed to the hackers Solana and Ethereum wallets. Wormhole Launches Ethereum Solana Bridge. xTaggers, the moment you have all been waiting for is here. r/solana. Welcome to the next era of inter-chain DeFi, ushered in by a generic cross-chain messaging bridge between Solana, Ethereum, Binance Smart Chain (BSC), and now Terra. Hackers reportedly targeted the Solana Wormhole bridge, with 80,000 in WETH sent to the hackers wallet. Wormhole, a protocol that allows users to transfer crypto assets across blockchain networks, was exploited for $320 million last week. The exploit. DeFi platforms and other projects can take advantage of Solana's low fees and fast transaction speeds. Warning. Welcome to the official Solana subreddit. The new version of the protocol of interaction between Solana and Ethereum is ready for the migration of cryptoassets. The Wormhole team has offered a $10 million bug bounty to return the funds. The Wormhole Bridge hack is the second smart contract in the past week. With the Wormhole bridge, you are able to send Wormhole wrapped versions of LUNA and UST on Solana (wLUNA & wUST) over to the Terra chain without extra steps like going through a centralized exchange or multiple on-chain swaps. Users can move ERC-20 tokens across to SOL and back. 3. Wormhole, one of the most popular bridges which links the Ethereum and Solana blockchains, was hacked on Wednesday. The logo of cryptocurrency platform Solana. Wormhole Launches Ethereum Solana NFT Bridge. ETH on Solana no longer backed by real ETH. Wormhole, a protocol that allows users to move their tokens and NFTs between Solana and Ethereum, has confirmed that it suffered an exploit of 120,000 Wrapped Ethereum, worth over $320 millionhigher than the $250 million originally suspected. The Wormhole integration will bridge Acala and Karura to Ethereum, Solana, Terra, Avalanche, Polygon, Oasis, Fantom and Binances BNB chain. The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John Oliver The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange (CEX). Wormhole, one of the most popular bridges linking the ethereum and solana blockchains, lost about $320 million in an apparent hack Wednesday afternoon. Solana (SOL) Price Analysis: Risk of Break Below $25 Home/blockchain News/ Wormhole Releases Solana and Ethereum NFT Bridge A Bi-Directional Highway for Blockchain Collectibles. I will use Metamask and Sollet, but Wormhole currently accepts Metamask and Wallet Connect for Ethereum and Phantom, Ledger, Sollet, Solong and MathWallet for Solana. The void between Solana and Ethereum jut got a whole lot smaller, thanks to the new cross-chain bridge from Wormhole. The attacker apparently exploited the bridge between the Ethereum and Solana blockchains. SOL has gained more than 12% today and 30-day stats show the crypto asset is up 92.3%. hole | \ wrm-hl a hypothetical structure of space-time envisioned as a tunnel connecting points that are separated in space and time. The public network informed users and investigated the exploit in its downtime. Wormhole Solana Bridge. 2. Wormhole, a cross-chain bridge from Solana to other networks, suffered a major breach on Wednesday. WWT is exchanged for RIN in a 1:1 ratio. User account menu. The wormhole is a bi-directional cross-chain bridge that connects ETH and ERC20 tokens to SPL Tokens, the token standard of the Solana blockchain platform, and then back to ERC 20. Found the internet! According to Forbes, the attack caused a 10 percent drop in the value of the Solana cryptocurrency in the aftermath of the hack. The Solana networks leading interoperability protocol Wormhole 2.0 has officially launched a cross-chain bridge between Solana and Ethereum (ETH). Wormhole V2 for Terra is here. Hell of a week for systemic risk. Today, Solana, in partnership with Certus One, is excited to announce Wormhole, the first of many bidirectional cross-chain bridges on Solana. Solana is a top-100 blockchain with a $95 million market cap. The Wormhole Bridge hack is the second smart contract in the past week. The Pyth Network will chain as a result of the Solana Wormhole, a bridge that lets for seamless motion of Solana's Cross-Chain Bridge Wormhole was exploited and 120,000 ETH (about $323 million) hacked. 5. Back then, they said that Wormhole allows existing projects, platforms, and communities to move tokenized assets seamlessly across blockchains to benefit from Solana is currently trading at $98.45 with a drop of 9.42% in the last 24 hours. Wormhole, a popular multi-chain bridge protocol, has announced support for a new bridge to Polygonthe top sidechain on Ethereum. Today, we announced a collaboration with the Jump Crypto team to set up a 4pool for wrapped wormhole BSC tokens, allowing highly capital efficient swaps to happen between all the major BSC stables and USDC using a single pool. It enables existing projects, platforms and communities to move their tokens seamlessly onto Solana in order to benefit from the high performance features offered by the Solana network. Wormhole, a protocol that allows users to bridge tokens between Solana and other blockchains like Ethereum, has been exploited to the tune of 120,000 wETH (about $312 million at the time of writing). Wormhole allows existing platforms, communities, and projects to seamlessly move tokenized assets across blockchains to take advantage of Solana's speed and low cost. It is a native bidirectional bridge that only goes from Solana to Ethereum. Qubits QBridge protocol lost $80 million in another high-profile attack. Wormhole is a communication bridge between Solana and other top decentralized finance (DeFi) networks. Wormhole Bridge Hacked for $325 Million. It redirected around $320 million worth of ETH to crypto wallets that dont belong to the Wormhole team. Including EVM, EVM+, Solana, CosmWASM and Algorand. "ETH will be added over the next hours to ensure wETH is backed 1:1," it posted on Twitter, adding: "We are From now on, do not close the page under any circumstances until the transfer is completed. Target. 4. The largest attack on Solana to date. Solana season is finally starting as the blockchain's token becomes the first to reclaim its prior all-time high valuation. The attacker apparently exploited the bridge between the Ethereum and Solana blockchains. User count is challenging in blockchain environments as people may operate multiple wallets. This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. The version of solana_program that Wormhole used didn't verify the address being used. Vitalik sounded the alarm bells less than 30 days ago. Thats 90,000 ETH tokens in all. Redeem tokens. No one's happy this happened. Solana Wormhole bridge exploited for 120k ETH. This time the price is dropping after a bridge between Solana and Ethereum, called Wormhole Bridge, was hacked resulting in a loss of 120000 wrapped ETH with an estimated worth of $320 million. Qubits QBridge protocol lost $80 million in another high-profile attack. So your lending protocols on Solana can leverage an insurance protocol on Ethereum, with ease. Solana, a scalability-focused blockchain platform developed by Solana Labs, has introduced Wormhole, a cross-chain bridge that will allow users to turn ERC20 tokens into Solanas SPL tokens for use in DeFi applications.. Solana Foundation announced the news in a blog post published on Thursday, October 8 th.According to the announcement, Wormhole is In order to bring even more liquidity to the ecosystem, Solana launched a token bridge named Wormhole. It allows to bridge ERC-20 (Ethereum) tokens to their SPL (Solana) version and vice versa. Wormhole is a protocol that connects tokens to multiple chains including Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche, and Oasis. The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform. Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange (CEX). Web-scale blockchain with speeds of 50k TPS. While cross-chain bridging solutions are widely used, many users are unaware of the full scope of the hazards involved. Send tokens. Search within r/solana. Developers are reportedly negotiating with hackers, according to a news report. Enter: The Wormhole Bridge. According to Forbes, the attack caused a 10 percent drop in the value of the Solana cryptocurrency in the aftermath of the hack. After dealing with several humiliating blockchain failures in the past year, during which developers had to switch the blockchain off and restart it to regain functionality, Solana just lost $320 million worth of Ethereum from its DeFi token bridge wormhole.. Key Points. See Live Contracts for current testnet and mainnet deployments of the Wormhole smart contracts.. See DEVELOP.md for instructions on how to set up a local devnet, CONTRIBUTING.md for instructions on how to contribute to this project, and SECURITY.md for more information about our security audits and bug bounty program.. See docs/operations.md In the right field, you will see the number of RIN you will receive to your Solana wallet. The hack was designed to exploit a vulnerability in the bridge between the Ethereum and Solana blockchains on Wormhole. No one's gloating. The attack was carried out by exploiting a Solana VAA flaw, Use it at your own risk. Aldrin didnt build the Wormhole Bridge but simply offer an interface for it. The Wormhole team announced, This process will first The Solana team first introduced Wormhole in a blog post published on 8 October 2020. admin September 23, 2021. Whew. Wormholes bi-directional NFT highway will provide a portal between Solana and Ethereum. 27. Log In Sign Up. Estimating User Count. This Interface is an open source software portal to Wormhole, a cross chain messaging protocol. The logo of cryptocurrency platform Solana.Jakub Porzycki | NurPhoto via | Getty ImagesOne of the most popular bridges linking the ethereum and solana blockchains lost more than $320 million Wednesday afternoon in an apparent hack. Aldrin team is not responsible for loss of funds. Once the assets are bridged over from Wormhole, you can use the wrapped assets to swap with any token in Solana. No one's happy this happened. Close. Although its spot price was undergoing some trials and tests finding support, Solanas popularity has reached far and wide. Wormhole, one of the most popular bridges linking the ethereum and solana blockchains, lost about $320 million in an apparent hack Wednesday afternoon. It enables existing projects, platforms and communities to move their tokens seamlessly onto Solana in order to benefit from the high performance features offered by the Solana network. They then smuggled their bounty to the Ethereum Network over the course of a series of transfers. After entering the amount, press the Transfer button. According to our sources the attacker gets 120,000 ETH in the first place from an earlier transaction. Bi-directional blockchain bridge Wormhole takes a giant leap towards interoperability with the launch of an NFT bridge connecting Ethereum and Solana. With this, NFT Collectors can enjoy the best of both networks and effortlessly transfer assets between the two chains. Solana invites blockchain developers to use Wormhole as part of its virtual hackathon on Oct. 28. Several DeFi projects, including Gauntlet, Curve, FTX, Balancer, and Aave, will be involved. Solana, a scalability-focused blockchain platform developed by Solana Labs, has introduced Wormhole, a cross-chain bridge that will allow users to turn ERC20 tokens into Solanas SPL tokens for use in DeFi applications.. Solana Foundation announced the news in a blog post published on Thursday, October 8 th.According to the announcement, Wormhole is Users can transfer their wealth between blockchains. Instead, the Wormhole decentralized bridge is a direct gateway between Ethereum liquidity and Solana. With cross-chain interoperability, users of Acala and Karura, which serve as DeFi hubs for the Polkadot and Kusama ecosystems, can access over US$200 billion in liquidity. Wormhole builds bridges between chains, facilitating transfers of any kind of information from one chain to another. The logo of cryptocurrency platform Solana. Solana has launched Wormhole, a bridge platform that connects to Ethereum and adds support for ETH and ERC-20 tokens. The road to a decentralized economic utopia is paved by blockchains, each with a variety of goals and focus areas. An attacker was able to make off with the nearly $325 Million by exploiting the Solana side of the bridge. Dev/Tech. Overnight, news hit the wires of the Solana wormhole succumbing to an 80,000k ETH hack. This news was brought to you by Phemex. On September 17, 2021, Solana protocol fans were introduced to the launch of the Wormhole Networks ethereum solana bridge, which means assets between each chain can be intermingled. Wormhole is a native L1 bridge. A cross-blockchain bridge associated with the Solana network has suffered a devastating exploit in one of the biggest DeFi hacks of all time. Solanas Wormhole Bridge Gets Hacked For $200 Million. This latest development will only add to its growing influence, as the Wormhole network announced the launch of the Wormhole Token Bridge, starting with Ethereum and Solana.