Wormhole Gets Its Funds Sucked Out [$325 Million]
Wormhole is a DeFi cross-chain protocol, meaning it facilitates the secure transfer of tokens from one crypto ecosystem to another. Unfortunately, Wormhole’s “secure” asset transfers aren’t always so secure. In February, cybercriminals exploited a vulnerability in Wormhole’s smart contract code to suck out 120,000 wETH, a variant of Ethereum, which was equivalent to some $325 million at the time of the theft.
