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Wormhole Bridge

Hacked

Infrastructure · born 2021 · ✝ 2022

A Solana-Ethereum bridge exploited for ~$325M in minted wETH.

Wormhole is a cross-chain bridge connecting Solana and Ethereum. In 2022 an attacker exploited a signature-verification flaw to mint 120,000 wETH (~$325M) without backing; Jump Crypto refilled the hole.

Peak
~$325M exploited
Cause
Hacked
Year of death
2022

☠️ Cause of death

A bug in the bridge's signature verification let the attacker forge approval to mint wrapped ETH on Solana without depositing collateral.

📓 Lessons left behind

  • Signature-verification bugs can let attackers mint unbacked assets.
  • Bridges concentrate enormous value and attacker incentive.
  • Deep-pocketed backers can paper over losses, but the flaw is the lesson.

🌱 The idea that survived

Audited cross-chain messaging

Wormhole survived via a bailout and pushed the industry toward rigorous bridge auditing and formal verification.

#bridge#exploit#solana