Wrapped ETH – Miami Crypto Coin

Former Microsoft Engineer Predicts a Gradual Shift in Blockchain Development Focus Toward Vertical Scaling

Post author:MiamiCrypto
Post published:June 23, 2024
Post category:Blockchain blockchain scaling blockchain trilemma Ethereum Interview Metamask Wrapped ETH

While wrapped digital assets have enabled the bridging of assets and expanded their utility, their perceived need for custodianship reintroduces centralization risks and trust dependencies. This contradicts the decentralized ethos…

Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit

Post author:MiamiCrypto
Post published:February 3, 2022
Post category:Analysis attacker Back Online certik cross-chain bridge cross-chain bridge TVL DeFi Defi Hack ETH Ethereum Ethereum (ETH)Ethereum ↔ Solana Fully Operational Funds Restored hacker Jump Crypto News Qubit bridge Qubit Finance Replenished Restored Solana Solana (SOL)wETH Wormhole Wormhole Exploit Wormhole Hack Wormhole Network Wrapped ETH

On February 2, 2022, the Wormhole Network’s ethereum solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds…

Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum

Post author:MiamiCrypto
Post published:February 3, 2022
Post category:Analysis attacker certik cross-chain bridge cross-chain bridge TVL DeFi Defi Hack ETH Ethereum Ethereum (ETH)Ethereum ↔ Solana hacker News Qubit bridge Qubit Finance Solana Solana (SOL)wETH Wormhole Wormhole Exploit Wormhole Hack Wormhole Network Wrapped ETH

Reports indicate that the Wormhole Network’s ethereum solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The…