Author: Corin Faife
Illustration by Alex Castro / The Verge
On Wednesday, the decentralized finance (DeFi) platform Wormhole became the victim of the largest cryptocurrency theft this year — and among the top five largest crypto hacks of all time — when an attacker exploited a security flaw to make off with close to $325 million.
The attack seems to have resulted from a recent update to the project’s GitHub repository, which revealed a fix to a bug that had not yet been deployed to the project itself.
The attack took place on February 2nd and was noticed when a post from the Wormhole Twitter account announced that the network was being taken “down for maintenance” while a potential exploit was investigated. A later post from Wormhole confirmed the hack and the amount stolen.
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Illustration by Alex Castro / The Verge
On Wednesday, the decentralized finance (DeFi) platform Wormhole became the victim of the largest cryptocurrency theft this year — and among the top five largest crypto hacks of all time — when an attacker exploited a security flaw to make off with close to $325 million.
The attack seems to have resulted from a recent update to the project’s GitHub repository, which revealed a fix to a bug that had not yet been deployed to the project itself.
The attack took place on February 2nd and was noticed when a post from the Wormhole Twitter account announced that the network was being taken “down for maintenance” while a potential exploit was investigated. A later post from Wormhole confirmed the hack and the amount stolen.
Continue reading…
Continue reading...