One of the most popular cross-blockchain bridges may have been the victim of a hack worth over $326 million on Wednesday.
In a tweet, the project’s official Twitter handle confirmed that the bridge is currently down while the team investigates a potential exploit, and the official website simply reads, “Portal is Temporarily Unavailable.”
On-chain analysts called attention to an 80,000 ether (ETH) transaction from Wormhole to an address currently in possession of over $250 million worth of ETH. According to another developer, the attacker also kept 40,000 ETH on Solana, where they have been selling for other assets.
In a tweet, prominent pseudonymous Paradigm security researcher “samczsun” noted that the Wormhole team has reached out to the exploiter’s address on the Ethereum network, offering a $10 million bounty for returning the funds.