Wormhole replenishes its blockchain bridge after $325 million exploit

Quick Take

  • The Wormhole bridge is back up after a big exploit yesterday.
  • Wormhole has refilled its ETH contract that lost nearly $325 million.
  • Jump Crypto, which incubated Wormhole, later confirmed that it provided the 120,000 ETH.

UPDATE: (10:30 am ET): Two sources with knowledge of the process tell The Block that Jump provided the funding to replenish Wormhole's reserves.

"@JumpCryptoHQ believes in a multichain future and that @WormholeCrypto is essential infrastructure. That’s why we replaced 120k ETH to make community members whole and support Wormhole now as it continues to develop," Jump Crypto later wrote in a tweet."

This is a developing story and will be updated with more information.


Original report: 

Wormhole, a cross-chain protocol that suffered a $325 million exploit on Wednesday, has replenished its reserves. 

"ETH contract has been filled and all wETH are backed 1:1," Wormhole tweeted Thursday. "The Portal (token bridge) is back up." Wormhole said it is working on a detailed incident report and will share it soon.

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