Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: mlawson71 on February 10, 2022, 05:20:50 PM
-
The company Jump Trading, which acquired Certus One, which is the developer of Wormhole, apparently restored all 320 million US dollars that were stolen from the Wormhole protocol earlier this month in what was the fourth biggest cryptocurrency hack in his history, when hackers made off with 120,000 wETH.
Wormhole themselves announced that all funds had been restored while their parent company announced that the decision to restore the funds was “to make community members whole and support Wormhole now as it continues to develop.” They also added that they believe in a multichain future and that Wormhole is essential infrastructure.
Source (https://www.forexbrokerz.com/news/jump-trading-restores-320-mln-to-users-after-wormhole-defi-hacker-attack)
I think it’s great that the money were restored by the parent company, but that doesn’t change the problem with security Wormhole had to begin with. Such hacks shouldn’t be happening if the industry is to be taken seriously.