[KongchangAI]
ProductWormhole Bridge

Wormhole

A cross-chain interoperability protocol that suffered a major exploit resulting in substantial asset losses.

Timeline (last 90 days)

Oct 29

Cross-chain bridges such as Ronin Bridge and Wormhole have historically been the source of major hacking incidents.

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Oct 20

Cross-chain bridges (such as the Ronin Bridge and Wormhole incidents) have been a high-incidence link for attacks and money laundering in recent years, and their security and compliance gaps have become a key focus of the FATF.

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Sep 26

The peer-to-peer file transfer space already has WebRTC-based direct transfer tools such as Snapdrop and Wormhole as competitors.

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Sep 11

Representative cross-chain messaging protocols include LayerZero, Wormhole, and CCIP, which allow contracts to pass arbitrary data between different chains.

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