After dealing with several humiliating blockchain failures in the past year, Solana just lost $320 million worth of Ethereum from its DeFi token bridge ‘wormhole.’ That’s 90,000 ETH tokens in all.
Is Wormhole, the supposed game-changing project backed by Bitmain CEO Jihan Wu, is no longer “auxiliary” to the Chinese cryptocurrency mining company?
Not much is known about this project supposedly based off Bitcoin SV. On GitHub, the team behind this project said they are “launching soon,” noting that “our fork of Wormhole is in active development.”
Dr. Craig Wright has offered a piece on Medium that discusses digital token burning and how it can negatively impact the cryptocurrency industry.
