Wormhole (W)
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."
