Security News > 2022 > February > Wormhole restores stolen $326 million after major crypto bailout
Cryptocurrency platform Wormhole has recovered upwards of $326 million stolen in this week's crypto hack, thanks to a major bailout.
Being a cross-chain crypto platform, Wormhole allows users to transfer cryptocurrency across different blockchains, such as Ethereum, Solana, and Binance Smart Chain, among others.
Wormhole has announced a successful recovery of all funds stolen in this week's $326 million hack, and the crypto platform is back up.
On February 2nd, Wormhole had announced a temporary shut down of its crypto platform as it investigated an exploit on their network.
Blockchain analytics company, Elliptic had previously revealed that Wormhole attempted to offer the attacker a $10 million bug bounty-should the latter agree to return the stolen funds.
Not much info has been given out by Wormhole just yet as to how attackers managed to steal the funds, or the nature of the vulnerability exploit.