Wormhole, a communication bridge between Solana and other decentralized-finance blockchain networks, said hackers stole about $320 million (R4.9 billion) in cryptocurrency.<\/p>\n
The online thieves made away with 120,000 wETH, or so-called wrapped Ether, the project\u2019s team\u00a0said<\/a><\/strong>\u00a0on Twitter.<\/p>\n They pledged to add Ether over the next several hours to ensure the wETH is backed one-for-one and get the network back up. The post didn\u2019t elaborate on where they would get the Ether.<\/p>\n The vulnerability has been patched, they said in a follow-up\u00a0post<\/a>.<\/strong><\/p>\n \u201cThis demonstrates once again that the security of DeFi services has not reached a level that is appropriate for the huge sums being stored within them,\u201d said Tom Robinson, co-founder of blockchain analysis firm\u00a0Elliptic.<\/a><\/strong><\/p>\n \u201cThe transparency of the blockchain is allowing attackers to identify and exploit major bugs.\u201d<\/p>\n The hack is likely one of the largest thefts from a DeFi protocol, which bill themselves as allowing users to bypass traditional intermediaries to borrow and lend digital assets.<\/p>\n About 96,000 of the wETH tokens have been sent to the Ethereum blockchain, according to another forensics provider, TRM Labs.<\/p>\n