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The Solana ecosystem appears to be the victim of crypto’s latest exploit, with users reporting their funds have been drained without their knowledge from major internet One of the most popular bridges linking the ethereum and solana blockchains lost more than $320 million Wednesday afternoon in an apparent hack. The Solana attack comes just hours after malicious actors abused a “chaotic” security exploit to steal almost $200 million in digital assets from cross-chain messaging $322 million stolen in latest Solana hack; Is pressure mounting on the ecosystem? In an apparent hack on Wednesday afternoon, Wormhole, the cross-chain bridge About 8,000 hot wallets were hit on the Solana ecosystem and damages are estimated in the millions. An individual hacker or cybercriminal group has stolen Solana’s The hacker executed an unauthorized mint of 120,000 wETH worth about $322 million. They executed the attack by exploiting a bug related to Solana VAA, a bridge Hours after a decentralized hack on the Nomad bridge, a new exploit targeting Solana users has led to about $5 million (by some estimates, more than that) being The hack on Wormhole Bridge happened around 6:24 pm UTC, with the attacker minting 120,000 wETH on Solana. Less than five minutes later, the thief moved to Wormhole’s token bridge was hacked on February 2, and hackers stole Solana tokens worth $322 million. The hackers have already spent a large part of the crypto

$322 Million Stolen in Latest Solana Hack: Is Pressure Mounting on the Ecosystem?

The Solana ecosystem appears to be the victim of crypto’s latest exploit, with users reporting their funds have been drained without their knowledge. The headline screams: $322 million stolen in latest Solana hack! But what does this mean for the future of Solana and its users?

Wormhole Bridge Hack: A Deep Dive

One of the most popular bridges linking the ethereum and solana blockchains, Wormhole, was hacked on February 2nd, losing more than $320 million Wednesday afternoon in an apparent hack. In fact, Wormhole’s token bridge was targeted, resulting in hackers stealing Solana tokens worth $322 million. The hacker executed an unauthorized mint of 120,000 wETH worth about $322 million. They executed the attack by exploiting a bug related to Solana VAA, a bridge mechanism.

The Timeline of the Attack

The hack on Wormhole Bridge happened around 6:24 pm UTC, with the attacker minting 120,000 wETH on Solana. Less than five minutes later, the thief moved the crypto. The hackers have already spent a large part of the crypto, making recovery efforts more challenging.

Solana Under Siege? Beyond Wormhole

The Solana attack comes just hours after malicious actors abused a “chaotic” security exploit to steal almost $200 million in digital assets from cross-chain messaging protocols. Adding to the woes, hours after a decentralized hack on the Nomad bridge, a new exploit targeting Solana users has led to about $5 million (by some estimates, more than that) being drained. About 8,000 hot wallets were hit on the Solana ecosystem and damages are estimated in the millions. An individual hacker or cybercriminal group has stolen Solana’s crypto.

Is Pressure Mounting on the Solana Ecosystem?

With a significant amount of money stolen, the question remains: Is pressure mounting on the ecosystem? The repeated vulnerabilities raise concerns about the security and robustness of the Solana blockchain and associated bridges. This incident undoubtedly fuels the debate surrounding the risks of cross-chain technology and the need for more robust security measures within the Solana ecosystem.