Jump Trading replaces stolen Wormhole funds after $430m crypto hack

Chicago-based Jump Trading acquired Certus One, the developer behind Wormhole, in August.

"All funds have been restored and Wormhole is back up," the platform said on Twitter after earlier saying on its Telegram channel that "all funds are safe".We're deeply grateful for your support and thank you for your patience.London-based blockchain analysis firm Elliptic said that attackers were able to fraudulently create the wETH tokens, almost 94,000 of which were later transferred to the ethereum blockchain, which powers transactions for ether.

Yet with their breakneck growth, DeFi platforms have emerged as a major hacking risk, with bugs in code and design flaws allowing criminals to target DeFi sites and deep pools of liquidity, and also to launder the proceeds of crime, while leaving few traces.

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