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$320 million stolen from Wormhole, bridge linking solana and ethereum

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The logo of cryptocurrency platform Solana.

Jakub Porzycki | NurPhoto via | Getty Images

One of the most popular bridges linking the ethereum and solana blockchains lost more than $320 million Wednesday afternoon in an apparent hack.

It is DeFi’s second-biggest exploit ever, just after the $600 million Poly Network crypto heist, and it is the largest attack to date on solana, a rival to ethereum that is increasingly gaining traction in the non-fungible token (NFT) and decentralized finance (DeFi) ecosystems.

Ethereum is the most used blockchain network, and it is a big player in the world of DeFi, in which programmable pieces of code known as smart contracts can replace middlemen like banks…



Source cnbc.com

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