Hackers have stolen cryptocurrency worth more than $320 million from a de-centralised financial platform.
Wormhole, a service that allows information to be transferred from one crypto network to another, announced on Twitter on Wednesday that it had been “exploited” for 120,000 units of ether, the second-largest cryptocurrency.
A request for comment from Wormhole was not immediately returned by Reuters.
According to Elliptic, a London-based blockchain analysis business, attackers were able to issue the wETH tokens fraudulently, with over 94,000 of them later moved to the ethereum blockchain, which supports ether transactions.
Early on Thursday, Wormhole tweeted that it had patched the vulnerability in its system but was still working to bring the network back online.
