@fredericel9

Wormhole suffered a $250 million hack in 2025, the third major cross-chain bridge attack this year. Exploiting a signature verification flaw, hackers drained 30% of its $800 million TVL. Wormhole’s $100 million insurance fund, established post-2022’s $320 million hack, covers 40% of losses, reimbursing $100 million to users. Larger holders, with 60% of stolen funds, face $150 million in unrecovered losses, sparking criticism of underinsured bridges. Smaller users, holding $50 million, are fully compensated. Wormhole’s W token dropped 30% to $0.35, reflecting shaken confidence. By 2026, Wormhole may need to triple its fund to $300 million to restore trust, but without ZK-proof upgrades, another 10% TVL loss could occur, further eroding its 5% cross-chain market share.

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