25 days ago
Sepoy.net
A little over a year after a hacker stole 120,000 ETH on the Wormhole bridge, whitehats managed to trap him in turn on the Oasis protocol. Wormhole hacker hackedOn February 2, 2022, Wormhole Bridge suffered an impressive hack, allowing a malicious entity to steal 120,000 ETH for worth $320 million at the time. To prevent systemic risk, investment fund Jump Crypto, which had invested in the protocol, had replaced the stolen ETH. In order to secure his operation, he added an automated stop-loss, but this is where the Oasis protocol had a flaw that could be exploited. There is no guaranteed high return, a product with high return potential involves high risk.
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