Security News > 2022 > February > That's a signature move: How $320m in Ether was stolen from crypto biz Wormhole

"The wormhole network was exploited for 120k wETH," the DeFi biz said via Twitter on Wednesday.

Those organizations behind Wormhole said they would add more ETH in the hours to come to ensure wETH is backed with ETH. And on Thursday, as if by magic, Wormhole proclaimed, "All funds have been restored and Wormhole is back up."

The stolen funds were not recovered from the thief; rather the looted till was refilled by benefactor Jump Crypto, which last year bought Certus One, the company that developed Wormhole.

"That's why we replaced 120k ETH to make community members whole and support Wormhole now as it continues to develop."

Wormhole has also offered the thieves that pilfered the digicash a $10m "White hat" reward if the funds are returned.

The Register asked Wormhole whether this is accurate but we've not heard back.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/02/04/wormhole_currency_theft/