Over $320 Million Stolen In Hack of Blockchain Platform Wormhole

An anonymous reader quotes a report from CNET: Hackers have stolen more than $324 million in cryptocurrency from Wormhole, the developers behind the popular blockchain bridge confirmed Wednesday. The platform provides a connection that allows for the transfer of cryptocurrency between different decentralized-finance blockchain networks. Wormhole said in a series of tweets Wednesday afternoon that thieves made off with 120,000 wETH, or wrapped Ethereum, worth nearly $324 million at current exchange rates. The platform's network was also taken offline for maintenance. This is one of the largest crypto thefts of all time and the second-largest theft from a DeFi service, blockchain analysis firm Elliptic said in a statement. UPDATE: All $320 million in funds have been restored.

Read more of this story at Slashdot.