The prices of popular cryptocurrencies, Bitcoin and Ethereum, have remained largely flat. However, on a positive note, the global crypto market has started to trade in green after a fall.
The price of Bitcoin was up by just 1.26 per cent at USD 37,343.81. The price of Ethrereum was up by meagre 1.51 per cent at USD 2,693.23.
Other cryptocurrencies such as XRP was up by 1.32 per cent, Solana was up by 4.99 per cent, Terra was up by 5.45 per cent, Cardano was up by 2.48 per cent, Polkadot was up by 2.45 per cent, and Stellar was up by 1.34 per cent.
Other cryptocurrencies such as Dodgecoin was up by 0.36 per cent, Chainlink was up by 3.87 per cent, Polygon was by 1.77 per cent, Shiba Inu was up by 1.18 per cent, Wrapped Bitcoin was up by 1.43 per cent.
Meanwhile, the cryptocurrency arm of Jump Trading said it had restored more than USD 320 million to crypto platform Wormhole after the decentralized finance site was hit with one of the largest crypto heists on record, Reuters reported.
Chicago-based Jump Trading acquired Certus One, the developer behind Wormhole, in August, the Reuters report said.
Wormhole, an online platform that allows the transfer of information across crypto networks, said on Wednesday it had been “exploited” for 120,000 digital tokens connected to the second-largest cryptocurrency, ether.
The theft was the latest to hit the fast-growing but mostly unregulated DeFi sector. DeFi platforms allow users to lend, borrow and save – usually in crypto – while bypassing traditional gatekeepers of finance such as banks.
“All funds have been restored and Wormhole is back up,” the platform said on Twitter after earlier saying on its Telegram channel that “all funds are safe”.
London-based blockchain analysis firm Elliptic said that attackers were able to fraudulently create the wETH tokens, almost 94,000 of which were later transferred to the ethereum blockchain, which powers transactions for ether.
Elliptic added that Wormhole has offered the attacker a $10 million “bounty” to return the funds, citing messages embedded within ether transactions sent to the attacker’s digital address.