Cryptocurrency platform Wormhole hit in $320 million hack

A vulnerability in Wormhole, a cryptocurrency platform that enables consumers to convert a single token into an additional, has been exploited by attackers who managed to “mint” some 120,000 wETH, or Wrapped Ether, on the Solana network. 

In layman’s terms, a “wrapped” token is 1 that does not reside on its indigenous blockchain (for example, bitcoin can only be shared on the Ethereum community if it’s wrapped).

Rosa G. Rose

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