Reports indicate that the WormholeNetwork’s ethereum ↔ solana bridge was exploited for more than $250 million in ethereum. DeFiHack Solana
states: “This is the Wormhole Deployer. We noticed you were able to exploit the Solana VAA verification and mint tokens. We d like to offer you a whitehat agreement, and present you a bug bounty of $10 million for exploit details, and returning the WETH you’ve minted.”
Wormhole Network’s ethereum ↔ solana bi-directional bridge has not been around for very long, as Bitcoin.com News recentlyThe ethereum ↔ solana cross-chain bridge exploit follows the $80 million siphoned from the Qubit cross-chain bridge five days ago. At the time the Qubit attack was the largest defi exploit of 2022.
The Wormhole Network’s exploit is now the largest decentralized finance breach in 2022 so far, with more than $250 million in ethereum stolen.