When they talk about decentralized finance,vintage taking a boys virginity sex videos they don't mean decentralized like that.
Over $300 million worth of wrapped ether (wETH) was stolen Wednesday thanks to what appears to be a massive exploit in the DeFi Wormhole protocol. In response, the team behind the protocol — which allows for interaction across different blockchains — temporarily pulled the entire thing down.
"The wormhole network is down for maintenance as we look into a potential exploit," read a Wednesday afternoon announcement from the Wormhole team. "We will provide updates here as soon as we have them. Thank you for your patience."
This Tweet is currently unavailable. It might be loading or has been removed.
Shortly afterward, the team made clear just how much cryptocurrency was actually stolen.
"The wormhole network was exploited for 120k wETH," wrote the team. "ETH will be added over the next hours to ensure wETH is backed 1:1. More details to come shortly. We are working to get the network back up quickly."
At the time of this writing, 120,000 wETH was worth approximately $323,000,000.
This Tweet is currently unavailable. It might be loading or has been removed.
In a plea encoded into the blockchain, the Wormhole team asked the culprit behind the theft to return the money and promised a $10 million bounty in return.
"We'd like to offer you a whitehat agreement," read the message in part, "and present you a bug bounty of $10 million for exploit details, and returning the wETH you've minted. You can reach out to us at [email protected]."
This Tweet is currently unavailable. It might be loading or has been removed.
Wormhole was able to patch the vulnerability later in the day, and confirmed it was working to get its network back online.
This Tweet is currently unavailable. It might be loading or has been removed.
Meanwhile, those paying attention called out exactly how big of a deal this all is. That's because, in addition to the obvious issues involved with a theft of this size, what was stolen wasn't just regular ethereum. It was wrappedethereum. At its most basic level, wETH is a token pegged to the value of ether, and wrapped ether is fundamental to the function of many decentralized applications (known as DApps).
This Tweet is currently unavailable. It might be loading or has been removed.
Notably, while begging a thief to return stolen funds may seem like a sign of desperation, that doesn't mean it won't work. It was just last August that another DeFi hacker returned a chunk of approximately $600 million in stolen cryptocurrency — minus a cut, of course.
The Wormhole developers just have to hope that their $10 million offer is enough to bring about that kind of luck.
Topics Cryptocurrency
‘Nikkei Story from Veracruz’ at JANM
'Quordle' today: See each 'Quordle' answer and hints for January 13
All the weirdest Lenovo announcements from CES 2023
Wordle today: Here's the answer, hints for January 13
Hirono, Matsui Introduce Legislation to Strengthen Title IX
Wordle today: Here's the answer, hints for January 5
Wordle today: Here's the answer, hints for January 14
Virgin Orbit's historic UK launch fails due to 'anomaly'
OBITUARY: Hiroko Yamagata, 84; Owner of Aoi Restaurant
Twitter is offering to match advertisers spending up to $250,000
Report: Hate Crimes in L.A. County Continue to Climb
Bank fraud in the internet era is worse than ever. Here's how to protect yourself.
John Deere won't rest until farmers are the new techies
Photo Essay: What happened in the day of a photographer covering CES 2023.
Miyagi Government Honors Local Kenjinkai Leader
'Quordle' today: See each 'Quordle' answer and hints for January 11
YouTube responds to creator backlash by adjusting its new swearing policy
'Quordle' today: See each 'Quordle' answer and hints for January 8
‘Nikkei Samurai’ Exhibition on View at Go For Broke
Microsoft gaming employees have successfully unionized
Obon Celebrations on Two Weekends in San DiegoTakei BookJapanese Calligraphy Performance by KokaScreenings of Subtitled, Dubbed Versions of ‘Millennium Actress’‘Sake & Sando’ This Saturday at JACCCBestoloch порассуждал о популярности PUBGIEM Dallas qualifiers reach closed stagePoet Yamada to Launch New Book with Program Featuring Intergenerational JA WritersScreening of ‘Snow Trail’ at West L.A. UMCJapanese Matsuri at Temecula Valley Museum Apple mental health features: How to log your mood Huge and revolutionary space telescope is in action, new footage shows How to watch 'Meg 2: The Trench' — release date, streaming deals, and more The Sennheiser Momentum True Wireless 2 are 53% off at Amazon Spotify now transcribes podcasts so you can read along. Here's how it works. The 20 scariest movies streaming for free 11 films you'll want to see out of NYFF 2023 Soon, the iPhone 15 overheating problem will be fixed Canva unveils Magic Studio, a suite of AI Pixel 8 vs. Pixel 7: What are the differences?
0.1645s , 12412.5078125 kb
Copyright © 2025 Powered by 【vintage taking a boys virginity sex videos】Enter to watch online.Massive DeFi exploit sees hundreds of millions worth of cryptocurrency stolen,Global Perspective Monitoring
