A Cryptocurrency firm, Wormhole, has disclosed that all stolen funds have been restored.
This followed a recent hacking incident where $320 million was stolen from its site in what has been described as the world’s fourth-largest crypto heist on record.
The decentralised finance site had earlier stated that it had been exploited for 120,000 digital tokens connected to the second-largest cryptocurrency, Ethereum.
At the time of its announcement of the heist, the market value of the tokens was just over $320 million.
“All funds have been restored and Wormhole is back up,” the platform said on its verified Twitter handle.
However, Wormhole gave no further information on how it retrieved the funds and didn’t respond to multiple requests from News agencies for comment via social media.
Like many DeFi sites, Wormhole does not give details of its location, ownership or corporate structure.
A London-based blockchain analysis firm, Elliptic, said the 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 further 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.
