Difference between revisions of "Wormhole (W)"
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* Started in [https://cryptobriefing.com/solana-has-introduced-ethereum-bridge-called-wormhole/ 9-10-2020] | * Started in [https://cryptobriefing.com/solana-has-introduced-ethereum-bridge-called-wormhole/ 9-10-2020] | ||
* [[Mainnet]] release: [https://wormholecrypto.medium.com/introducing-wormhole-32b16d795c01 10-8-2021] | * [[Mainnet]] release: [https://wormholecrypto.medium.com/introducing-wormhole-32b16d795c01 10-8-2021] | ||
* A bridge between [[Solana (SOL)|Solana]], [[Ethereum (ETH)|Ethereum]], [[Terra (LUNA)|Terra]] and [[Binance|BSC]]. In which 19 well known [[Proof-of-Stake (PoS)|staking]]/[[node]] providers come to [[Consensus Algorithm|consensus]] on the [[Transaction (Tx)|tx]]. | * A [[bridge]] between [[Solana (SOL)|Solana]], [[Ethereum (ETH)|Ethereum]], [[Terra (LUNA)|Terra]] and [[Binance|BSC]]. In which 19 well known [[Proof-of-Stake (PoS)|staking]]/[[node]] providers come to [[Consensus Algorithm|consensus]] on the [[Transaction (Tx)|tx]]. | ||
== Guardians == | == Guardians == | ||
* [[Certus One]]; the team [https://rekt.news/wormhole-rekt/ behind] the Wormhole bridge. Certus One got [https://www.thetradenews.com/jump-trading-acquires-defi-infrastructure-firm-certus-one/ acquired] by [[Jump Trading]] (5-8-2021). Which [https://thedefiant.io/wormhole-bailout/ bailed out] Wormhole after it got exploited (3-2-2022). | |||
* From the [https://wormholecrypto.medium.com/introducing-wormhole-32b16d795c01 introduction post] (10-8-2021): | * From the [https://wormholecrypto.medium.com/introducing-wormhole-32b16d795c01 introduction post] (10-8-2021): | ||
[[Chorus One]], [[Staked (Company)|Staked.us]], P2P Validator, triton.one, [[Certus One]], [[Everstake]], Chainode Tech, ChainLayer, Staking Fund, [[Dokia Capital|Dokia]], [[01node|01Node]], Moonlet, Inotel, [[Figment Networks|Figment]], [[Staking Facilities]], [[HashQuark]], Forbole, Syncnode and Smith MCF. | [[Chorus One]], [[Staked (Company)|Staked.us]], P2P Validator, triton.one, [[Certus One]], [[Everstake]], Chainode Tech, ChainLayer, Staking Fund, [[Dokia Capital|Dokia]], [[01node|01Node]], Moonlet, Inotel, [[Figment Networks|Figment]], [[Staking Facilities]], [[HashQuark]], Forbole, Syncnode and Smith MCF. | ||
==Audits & Exploits== | |||
*[[Bug bounty]] program can be found [insert here]. | |||
===Bugs/Exploits=== | |||
* [https://rekt.news/wormhole-rekt/ From] [[Rekt]] (3-2-2022): | |||
''"Minutes after [[samczsun]] pointed out that there was a problem, the Wormhole team stated that the network was simply “down for maintenance” whilst investigating a “potential exploit” The exploit was later [https://twitter.com/samczsun/status/1488974372756987906 addressed] directly, with a bold promise to restore the funds .Less than 24 hours later, and the backing has just [https://twitter.com/wormholecrypto/status/1489232008521859079 been restored].'' | |||
''The Wormhole was manipulated into crediting 120k [[Ethereum (ETH)|ETH]] as having been deposited on Ethereum, allowing for the hacker to mint the equivalent in [[Wrapped Tokens|wrapped]] whETH (Wormhole ETH) on Solana. 93,750 ETH was bridged back to Ethereum over the course of 3 transactions where it still [https://solscan.io/tx/2zCz2GgSoSS68eNJENWrYB48dMM1zmH8SZkgYneVDv2G4gRsVfwu5rNXtK5BKFxn7fSqX9BvrBc1rdPAeBEcD6Es remains] in the hacker’s [[wallet]]. The remaining ~36k whETH were liquidated on Solana into USDC and SOL."'' | |||
[[Category:Companies/Organisations]] | [[Category:Companies/Organisations]] | ||
Revision as of 06:42, 7 February 2022
Basics
- Started in 9-10-2020
- Mainnet release: 10-8-2021
- A bridge between Solana, Ethereum, Terra and BSC. In which 19 well known staking/node providers come to consensus on the tx.
Guardians
- Certus One; the team behind the Wormhole bridge. Certus One got acquired by Jump Trading (5-8-2021). Which bailed out Wormhole after it got exploited (3-2-2022).
- From the introduction post (10-8-2021):
Chorus One, Staked.us, P2P Validator, triton.one, Certus One, Everstake, Chainode Tech, ChainLayer, Staking Fund, Dokia, 01Node, Moonlet, Inotel, Figment, Staking Facilities, HashQuark, Forbole, Syncnode and Smith MCF.
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
"Minutes after samczsun pointed out that there was a problem, the Wormhole team stated that the network was simply “down for maintenance” whilst investigating a “potential exploit” The exploit was later addressed directly, with a bold promise to restore the funds .Less than 24 hours later, and the backing has just been restored.
The Wormhole was manipulated into crediting 120k ETH as having been deposited on Ethereum, allowing for the hacker to mint the equivalent in wrapped whETH (Wormhole ETH) on Solana. 93,750 ETH was bridged back to Ethereum over the course of 3 transactions where it still remains in the hacker’s wallet. The remaining ~36k whETH were liquidated on Solana into USDC and SOL."
