$325 Million In Stolen Crypto 'Safe' After One Of Solana's Biggest Hacks Ever—Ethereum And Sol Prices Still Plunging

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$325 Million In Stolen Crypto 'Safe' After One Of Solana's Biggest Hacks Ever—Ethereum And Sol Prices Still Plunging
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Blockchain platform Wormhole confirmed on Twitter early Thursday that funds involved in the hack had been 'restored,' a few hours after the firm said 'all funds are safe' on its Telegram channel

on Twitter early Thursday that funds involved in the hack had been"restored," a few hours after the firm said"all funds are safe" on its Telegram channel.

Despite the funds' retrieval, ether and sol prices were still plunging Thursday morning, down 6% and 11.5%, compared to a 5% drawback for the broader cryptocurrency market. its network was down for maintenance as the firm looked into a potential attack.

In a message embedded onto the Ethereum blockchain, Wormhole offered the attacker a $10 million bounty to return the funds,to blockchain analytics company Elliptic, which called the Wednesday incident the fourth largest cryptocurrency hack ever. Soon after the attack, analysts at blockchain security firm CertiK said the hack represented the largest-ever attack on the Solana network and an"unfortunate reality" for the booming decentralized finance space, which has heated up among investors alongside the broader cryptocurrency industry over the past year, despite a growing number of similar hacks.

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