This hacker attacked Wormwhole, a reference platform, to switch from one blockchain to another. The loot amounts to 324 million dollars.
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[EN VIDÉO] The blockchain: a revolution to fear or to provoke? Blockchains secure any transaction by recording the history of exchanges in blocks. This data is encrypted and disseminated in an essentially uncontrolled decentralized network. Cryptocurrencies are therefore only one of the possible applications. And they are countless, shows us Gilles Babinet, specialist in the digital economy.
It is one of the biggest cryptocurrency theft and the second largest robbery for a serve Challenge. The hacker stole more than $324 million in cryptocurrency from DeFi, wormhole. DeFi is a type of platform whose acronym is the contraction of the words Finance and Decentralized. By resting on the blockchain, it offers an alternative monetary system to the existing financial industry. The platform ensures the transfer of cryptocurrencies between different blockchain networks.
It was Wormhole who said in a series of tweets on Wednesday afternoon that hackers got their hands on 120,000 Weths (Wrapped ETH), a variant of Ethereum. A heist with a total value of nearly $324 million that caused Wormhole’s systems to be immediately taken offline for maintenance.
A bonus for the hacker
The hacker, who recovered these 120,000 Weths from the Solana blockchain, converted 93,750 by transferring them to the blockchain Ethereum. As it appears that this theft comes from a flaw in the platform, Certus One, which manages the development of Wormhole, has offered a bonus to the hacker. This ” bug bounty” amounts to 10 million dollars, if the hackers decide to reveal how they managed to penetrate the system and steal the cryptocurrency. In exchange, they also demand the return of the cryptocurrency on the platform. Since this proposal, Wormhole has managed to correct the vulnerability and put its platform back into service.
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