Wormhole
Last changed 2026-10-27 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the judge moved the trust score from 62 to 51. Version history →
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anchored·4XHLFr…8R7TSummary
Wormhole is a cross-chain messaging and token bridge protocol connecting more than 30 blockchains, originally developed by Certus One and later backed by Jump Crypto. On February 2, 2022, an attacker exploited a signature verification flaw in its Solana contracts to mint 120,000 wETH (reported at roughly $320–326 million) without collateral; Jump Crypto replenished the funds within about a day, and a court-ordered counter-exploit via Oasis recovered about $140 million in February 2023. The project has since added layered security controls, separated from Jump Trading, raised $225 million at a $2.5 billion valuation and launched the W governance token in April 2024; the remaining stolen funds are largely unrecovered.
Connected Entities
58 entities · 60 linked investigations- Certus One→associated with→Wormhole(85%)
- Jump Crypto→controls→Wormhole(90%)
- B9poS8…pGS8→controls→Wormhole Token(43%)
- 8X6MEd…QR8b→controls→Wormhole Token(51%)
- 7Pa5sc…HnFB→controls→Wormhole Token(43%)
- Hh29xj…92ec→controls→Wormhole Token(42%)
- HYe4vS…8WHd→associated with→Wormhole Token(60%)
- ChqqPz…zgcu→controls→Wormhole Token(43%)
- FH6By7…ujjC→associated with→Wormhole Token(60%)
- FcBnCp…SA1W→controls→Wormhole Token(42%)
- + 120 more
Live On-Chain Activity
1 address watched · via HeliusTimeline(17 events)
August 2021
Jump Trading acquires Certus One, the original developer of Wormhole, bringing the protocol under Jump Crypto's stewardship.
FortuneFebruary 2022
Wormhole exploited for 120,000 wETH (reported at ~$320–326M) via the deprecated load_instruction_at function; attacker mints wETH on Solana without locking ETH collateral. Primary attacker Ethereum address: 0x629e7da20197a5429d30da36e77d06cdf796b71a.
CoinDeskFebruary 2022
Wormhole team embeds a $10 million bounty offer in a transaction to the attacker's Ethereum wallet; the offer is not accepted.
February 2022
Jump Crypto deposits 120,000 ETH into the Wormhole bridge to replenish stolen funds, described as the largest DeFi bailout to date; Wormhole reopens.
CoinDeskJanuary 2023
Stolen funds move after about a year of dormancy (January 14, 2023): exploiter activates Solana and Ethereum wallets within one hour of each other, bridging ~202,651 SOL and ~2.68M USDCet from Solana to Ethereum.
EllipticJanuary 2023
Exploiter converts 95,630 ETH (~$155M) into stETH and wstETH via 1inch and OpenOcean and uses staked ETH as MakerDAO collateral to borrow DAI in a recursive strategy (dated January 23 on one page; the other places the start of the OpenOcean conversion on January 14).
CoinTelegraphFebruary 2023
English High Court issues injunction (February 21, 2023) ordering Oasis to retrieve assets associated with the Wormhole exploit wallet.
CoinDeskFebruary 2023
Jump Crypto and Oasis execute the court-ordered counter-exploit, recovering approximately $140M net from the hacker's vaults (dated February 24 on one page and February 21 on the other).
BlockworksMay 2023
Wormhole Labs incorporated as an independent entity, with a team of approximately 15, primarily from Jump Crypto.
BlockworksJuly 2023
TechCrunch reports on Wormhole's post-hack security overhaul, including 29 third-party audits, bug bounty programs and Uniswap DAO bridge selection.
TechCrunchNovember 2023
Bloomberg reports Jump Trading and Wormhole have parted ways; CEO Saeed Badreg and COO Anthony Ramirez leave Jump to run Wormhole independently.
CoinDeskNovember 2023
Wormhole raises $225 million at a $2.5 billion valuation from investors including Brevan Howard, Coinbase Ventures, Multicoin Capital and ParaFi.
CoinDeskDecember 2023
CertiK discovers a $5 million vulnerability in the Wormhole bridge on Aptos; it is patched within about three hours with no funds lost.
CoinTelegraphMarch 2024
Wormhole announces first airdrop of 617 million W tokens (6.17% of 10B total supply) to past protocol users.
CoinDeskApril 2024
W token launches on Binance, Bybit, OKX and other exchanges at about $1.66, for a ~$3B fully diluted valuation.
CoinDeskJune 2024
Fortune reports the CFTC has opened an investigation into Jump Crypto; President Kanav Kariya resigns shortly after. Unrelated to the Wormhole hack.
FortuneDecember 2024
SEC charges Jump Crypto's offshore entity Tai Mo Shan with misleading investors over Terra UST and unregistered LUNA dealings; Jump settles for approximately $123 million.
CCNDecision Log
- slot 462173069 · hash A9HxVnvsDWb3zKh4SWcBYEyhkZ7zXnfDEwCaQDvsCEzd
- slot 462173064 · hash 8KvxGLfxRBjw9VEawe4JCobQz7mkQEJPRrMgJ3jxfXVd
- 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 (8 decisions). 51 of 54 cited source URLs have an Internet Archive snapshot.
model: claude-code-merge-writer
generated: 5/10/2026, 6:08:43 AM
last updated: 10/27/2026, 6:31:52 PM
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