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Wormhole’s Parent Company, Jump Trading Replaces $320 Million Lost in Hack -Breaking

by Mike Robinson

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Wormhole’s Parent Company, Jump Trading Replaces $320 Million Lost in Hack

On Wednesday, February 2, Wormhole – a bridge network between , , and other top DeFi chains reported the second-biggest hack in DeFi history, as $320 million was wiped from the network.

Twitter (NYSE 🙂 was used by The Wormhole Team to tell the world that the hacker fraudulently created 120,000 Ethereum using a flaw identified January 13. He moved 80,000 ETH to Solana while keeping 40,000 WETH.

Jump Trading replaces $320 Million Stolen from the Hack

Jump Trading is now providing a refund for $320 in Ethereum stolen by Wormhole during hack.

Jump Trading stated that they believe in multichain technology and Wormhole is an important infrastructure. The crypto VC company also announced that it has replaced $320 million of ETH stolen funds.

Wormhole, who had successfully patched the network after the attack, confirmed that the funds were being replaced and also said its bridge network was now functional. Wormhole tweets

Jump Trading is a crypto-venture capital and property trading firm that has more than $150,000,000 in Assets Under Management.

Flipside

  • Wormhole has also reached out the hacker In exchange for information about the perpetrator, he was offered $10,000,000

Why you should care

Solana-based platforms, which accept Ethereum through Wormhole, can now transfer funds to their users.

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