Jump Crypto made up for $320 million stolen from Wormhole Bridge
Jump Crypto, the cryptocurrency venture capital firm that owns Certus One, the developer of the Wormhole token bridge, announced Thursday that it invested 120,000 ETH in the Solana-Ethereum bridge, which suffered a devastating exploit. The venture capital firm has turned its own pockets to restore trust in the Wormhole ecosystem.
But there also remains the glaring problem of where the "hacked funds" are located and whether the attacker who took them will face the consequences of preventing similar decentralized finance scams in the future. Since these tokens were created fraudulently and still exist in the ecosystem, this raises concerns about the interchangeability of "hacked" ETH tokens as they are laundered into "pure" ETH.
