Podcast Summary: Into the Wormhole
Feb 12 2022 _ 1 min read
It’s been quite a week.
We want to take a step back and further explain why we chose to add 120k of stolen ETH back into the Wormhole bridge.
We believe the future will be cross-chain and that Wormhole is an essential piece of infrastructure to get us there. Wormhole is an interoperability protocol that operates across 7 different chains. The protocol is in its very early days, and we believe that our decision to replenish the ETH gives Wormhole time to develop and grow into its full potential.
Almost as soon as we recognized the hack, we made the decision to stand behind the project. We went out to the open market to buy 120k ETH and quickly moved it onto the bridge.
Ever since, we have been actively trying to recover the stolen ETH. Wormhole is now offering a $10 Million Bug Bounty reward for critical bugs through immunefi.com. We believe it is vital to motivate white hat hackers to help keep the ecosystem secure. That’s why we are offering the largest bounty for critical attack in the crypto industry.
We need your help. We strongly encourage you to go after these bounties. If you find a bug, please report it here: https://immunefi.com/bounty/wormhole and we will keep everyone posted on the bounty’s progress.
We need to support and promote a safe and entrepreneurial environment for crypto.
Listen to the full podcast here.
Stay up to date with the latest from Jump_
SAFU: Creating a Standard for Whitehats
Whitehats and DeFi protocols need a shared understanding of security policy. We propose the SAFU - Simple Arrangement for Funding Upload - as a versatile and credible way to let whitehats know what to...
Oct 24 2022 _ 17 min
Huckleberry: IBC Event Hallucinations
This blog post describes a vulnerability in ibc-go, the reference implementation of the Interblockchain Communication Protocol (IBC) used by most Cosmos blockchains
Sep 06 2023 _ 4 min
The information on this website and on the Brick by Brick podcast or Ship Show Twitter spaces is provided for informational, educational, and entertainment purposes only. This information is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other type of advice. You should not make any decision – financial, investment, trading or otherwise – based on any of the information presented here without undertaking your own due diligence and consulting with a financial adviser. Trading, including that of digital assets or cryptocurrency, has potential rewards as well as potential risks involved. Trading may not be suitable for all individuals. Recordings of podcast episodes or Twitter spaces events may be used in the future.