Crypto Times Logo Black
Google News Follow Banner
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • DeFi News
    • Blockchain News
    • Industry
  • Exclusive
  • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • Podcasts
  • More
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
The Crypto TimesThe Crypto Times
  • All News
  • Market
  • Bitcoin
  • Ethereum
  • Altcoins
  • Regulations & Policies
  • Blockchain
  • DeFi
  • Industry
  • Exclusive
  • Opinion
Search
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • Blockchain
    • DeFi
    • Industry
    • Exclusive
    • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • Quick Links
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • AI Policy
    • Sponsored & Advertorial Policy
  • Podcasts
Follow US
© 2026 By Crypto Times. All Rights Reserved.
Market News

CertiK Detects and Resolves $5 Million Wormhole Bridge Flaw

Written By Brian Mutembei
Published May 14, 2024 5:31 AM·Updated 2 years ago
Make The Crypto Times preferred on GoogleGoogle

A security flaw in the Wormhole bridge on the Aptos network, if left undiscovered, could have resulted in $5 million worth of losses, according to blockchain security platform CertiK. 

The flaw, discovered and reported by CertiK, arose from an incorrect implementation of modifiers in the MOVE programming language. 

🚨 CertiK's security research team detected a critical bug in @wormhole, a leading open source bridge for multichain applications.

Discover how an incorrect application of the public(friend) and entry modifiers exposed the blockchain to potential multimillion-dollar exploits by… pic.twitter.com/fOKgT6RaTC

— CertiK (@CertiK) May 13, 2024

CertiK found a problem with the publish_event function in the Wormhole bridge, letting anyone use it. This could have led to fake transactions and big losses. 

After informing the Wormhole team, a patch was developed and implemented promptly, closing the security loophole and preventing potential exploitation.

In addition to fixing the flaw, Wormhole reduced the governor rate limits on Aptos from $5 million to $1 million to limit potential losses in case of future exploits. This adjustment ensures enhanced security measures and minimizes risks for users. 

With the flaw patched, Wormhole performed a retrospective analysis, confirming no illicit fund transfers and assuring users’ balances remained safe.

Also Read: CertiK: April Sees Decline in Crypto Hacking Losses

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!      Google News
Google News Banner

Share This Article
Whatsapp Whatsapp LinkedIn Telegram Copy Link

Latest News

Crypto Market Live: LAB Token Collapses 85% to $2

Prediction Market Fight May Reach Supreme Court CFTC Chair Selig

Prediction Market Fight May Reach Supreme Court: CFTC Chair Selig

Anchorage Bets Big on AI Economy With New Banking Model

Anchorage Bets Big on AI Economy With New Banking Model

Tapnob Rolls Out Crypto-to-Naira Payment Platform in Nigeria

Tapnob Rolls Out Crypto-to-Naira Payment Platform in Nigeria

Clarity Act on Fast Track Senator Moreno Sets July 4 Deadline

Clarity Act on Fast Track? Senator Moreno Sets July 4 Deadline

Find Us on Socials

You may also like

Crypto Market Today Utya, Dogs, LAB Top Gainers as Bitcoin Reclaims $81K

Crypto Market Today: Utya, Dogs, LAB Top Gainers as Bitcoin Reclaims $81K

Rep. Horsford Says Crypto Tax Bill Is Foundation as CLARITY Stalls

Rep. Horsford Says Crypto Tax Bill Is Foundation as CLARITY Stalls

Just 0.1% of Polymarket accounts captured 67% of all profits WSJ

Just 0.1% of Polymarket accounts captured 67% of all profits: WSJ

Spanish Banks Expand Qivalis Stablecoin Push to Challenge US Dominance

Spanish Banks Expand Qivalis Stablecoin Push to Challenge US Dominance

The Crypto Times Logo PNG

Providing real-time, accurate Crypto reporting. Your trusted source for Crypto News and Research.

Stay Updated

All News
Exclusive
Opinions
Learn
Podcasts

Company

About Us
Our Authors
Editorial Policy
AI Policy
Advertorial Policy

Get In Touch

Contact Us
Career

Find Us on Socials

X-twitter Linkedin Telegram Youtube Instagram

© 2026 The Crypto Times | A BITROCK TECHNOLOGIES L.L.C. Company.

DMCA.com Protection Status
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Cookie policy
Do Not Sell or Share My Personal Information