Jump Crypto (a crypto-venture capital firm) announced that it had made 120 million Ether deposits on Thursday.ETHEnter a Solana/Ethereum Bridge that Victim of a terrible exploit. Hackers fraudulently created 120 000 wrapped Ether (wETH), worth $321 Million on the day before.SOLThe user then received 93.750 wETH and exchanged the rest to get ETH from the network.

Cross-chain ETH/wETH should have a 1:1 exchange rate. The unauthorized printing of wETH could lead to inflation which may quickly undermine confidence in its underlying bridge. Things are now back to normal after Jump Crypto’s most recent bailout, and with a patch fix by Wormhole developers Twitter: