Wormhole
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anchored·4XHLFr…8R7TSummary
Wormhole is a cross-chain messaging and token bridge protocol enabling interoperability across more than 30 blockchain networks, originally developed by Certus One and later backed by Jump Crypto. On February 2, 2022, Wormhole suffered a $326 million exploit — the largest hack in Solana ecosystem history at the time — when an attacker exploited a deprecated Solana function to forge guardian signatures and mint 120,000 wETH without locking any collateral. Jump Crypto immediately replenished the stolen funds to keep users whole, and the project subsequently raised $225 million at a $2.5 billion valuation, separated from Jump Trading as an independent entity, and launched the W governance token in April 2024; as of 2026, the stolen funds remain substantially unrecovered despite a partial $140 million counter-exploit via English court order.
Connected Entities
57 entities · 58 linked investigations- Wormhole Token (W)→associated with→Wormhole(80%)
- CxegPr…BBka→mentioned with→Wormhole(50%)
- Jump Trading→associated with→Terra/Luna(80%)
- Certus One→associated with→Wormhole(85%)
- Jump Trading→controls→Wormhole(90%)
- Jump Crypto→controls→Wormhole(90%)
- Jump Trading→controls→Jump Crypto(90%)
- B9poS8…pGS8→controls→Wormhole Token(43%)
- 8X6MEd…QR8b→controls→Wormhole Token(51%)
- 7Pa5sc…HnFB→controls→Wormhole Token(43%)
- + 109 more
Live On-Chain Activity
1 address watched · via HeliusTimeline(14 events)
August 2021
Jump Trading acquires Certus One, the original developer of Wormhole, bringing the protocol under Jump Crypto's stewardship.
Fortune2 February 2022
Wormhole exploited for 120,000 wETH (~$326M) via deprecated load_instruction_at function; attacker mints wETH on Solana without locking ETH collateral. Primary attacker Ethereum address: 0x629e7da20197a5429d30da36e77d06cdf796b71a.
CoinDesk3 February 2022
Jump Crypto deposits 120,000 ETH into Wormhole bridge to replenish stolen funds, described as the largest DeFi bailout to date. Wormhole reopens.
CoinDesk14 January 2023
Stolen funds move after approximately one year of dormancy. Exploiter activates Solana and Ethereum wallets within one hour of each other, bridging ~202,651 SOL and ~2.68M USDCet from Solana to Ethereum.
Elliptic23 January 2023
Wormhole hacker converts 95,630 ETH into stETH and wstETH via 1inch and OpenOcean DEXes, and uses staked ETH as MakerDAO collateral to borrow DAI in a recursive collateralization strategy.
CoinTelegraph21 February 2023
English High Court issues injunction ordering Oasis to retrieve assets associated with the Wormhole exploit wallet.
CoinDesk24 February 2023
Jump Crypto and Oasis execute court-ordered counter-exploit, recovering approximately $140M net from the hacker's DeFi vaults. Oasis discloses it used a previously unknown admin multisig vulnerability to carry out the operation.
BlockworksMay 2023
Wormhole Labs formally incorporated as an independent entity, with a team of approximately 15, primarily from Jump Crypto.
Blockworks17 November 2023
Bloomberg reports Jump Trading and Wormhole have parted ways; CEO Saeed Badreg and COO Anthony Ramirez leave Jump to run Wormhole independently.
CoinDesk29 November 2023
Wormhole raises $225 million at a $2.5 billion valuation, the largest crypto fundraise of 2023, from investors including Brevan Howard, Coinbase Ventures, Multicoin Capital, and ParaFi.
CoinDesk6 March 2024
Wormhole announces first airdrop of 617 million W tokens (6.17% of 10B total supply) to past protocol users.
CoinDesk3 April 2024
W token launches on major exchanges including Binance, Bybit, OKX, and others. Wormhole debuts at approximately $3B fully diluted valuation with W priced near $1.66.
CoinDesk20 June 2024
Fortune reports CFTC has launched an investigation into Jump Crypto. Jump Crypto President Kanav Kariya resigns shortly after. The investigation is unrelated to the Wormhole hack but reflects regulatory scrutiny of the firm that backstopped it.
FortuneDecember 2024
SEC charges Jump Crypto's offshore entity Tai Mo Shan with misleading investors over Terra UST stability and unregistered LUNA securities dealings; Jump settles for approximately $123 million.
CCNDecision Log
- slot 451868676 · hash EAAj3TttFQRy3taYdqTyjoLsoqJka9xgHguCGTgXonex
- slot 426514291 · hash FVmQXBJmA7LWEEbVo4PJMu4Ku1MKV8j3yggzQQZ13X9w
- slot 426514288 · hash E7ATt6AxYR7gPxKFkzFQ1E4AevpqWmBF8JvXE5aUiZ1z
- slot 419628831 · hash 8oW3fmuR5Bd67FEGnsAwJ8NUTLfz3Xeyev7KLn4rGovN
- slot 419336318 · hash 8SovTqKaMbdGfaSAk5PYzLRtRX1vAT4ruFw7Hsf6Fm5K
- slot 419336314 · hash EBJ5TTYAJg977jFFZsXg2SDY93ap9hoGS8y1SUcaZCVL
This investigation is cryptographically anchored to the Solana blockchain (6 decisions). 26 of 28 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/10/2026, 6:08:43 AM
last updated: 5/10/2026, 6:08:43 AM
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