What is jump crypto?

In September 2021, the firm formally announced the launch of Jump Crypto to focus specifically on trading digital assets, though the division had reportedly been operating in stealth for the past six years. And like the mothership, this division is doing a whole lot more than simply flipping coins for quick cash.

What happened to the wormhole token bridge?

A token bridge called Wormhole was the victim of a $322 million hack. However, within two days of the incident, crypto venture firm Jump Crypto has come to its rescue and pumped in the 120,000 Ether into the platform to replenish its supply. To be fair, Jump Crypto owns Certus One, the developer behind the Wormhole token bridge.

What is wormhole & how did it get hacked?

Wormhole. Image: Shutterstock Wormhole, a protocol that allows users to transfer crypto assets across blockchain networks, was exploited for $320 million last week. The breach was specifically related to how the cross-chain bridge was connected to Solana (though it can connect between a ton of other blockchains).

How much is wormhole worth?

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. At the time of its announcement, the market value of the tokens was just over $320 million.