Wormhole bridge hack
The Wormhole bridge between Solana and Ethereum was exploited for about $325M (120,000 wETH) in February 2022 after a signature-verification flaw let the attacker mint unbacked tokens. Backer Jump Crypto replenished the funds.
Also known as: Wormhole, Wormhole bridge
Summary
Wormhole is a token bridge linking Solana with Ethereum and other chains. In February 2022 an attacker exploited a flaw in its signature verification to mint 120,000 wrapped ETH (about $325 million) on Solana without depositing collateral, then redeemed much of it. [1][2]
Aftermath
To keep wrapped assets fully backed, Jump Crypto — owner of Wormhole developer Jump Trading — replaced the missing 120,000 ETH within days. The incident is frequently cited among the largest DeFi exploits. [1][2]
Bracketed numbers refer to the numbered sources listed below.
People & entities involved
Sources (2)
See also
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Crowd Machine (CMCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.