Cryptocurrency platform Wormhole restores funds after suffering $320 million hack
CBSN
Millions of dollars in cryptocurrency stolen late Wednesday from accounts on crypto platform Wormhole have been returned to users, the firm's leaders said.
Wormhole is a decentralized finance, or DeFi, platform that allows users to swap solana directly for other cryptocurrencies on decentralized apps, or dApps, across the ethereum crypto network, a service known as a "blockchain bridge."
Wormhole first tweeted about the hack of its bridge platform late Wednesday night, saying that the company's system was down temporarily so that its maintenance team could "look into a potential exploit." In a subsequent tweet, the company announced hackers had taken 120,000 of wrapped ethereum tokens, or wETH, valued at roughly $320 million.
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