Nathan pfp
Nathan
@raelyned
**Is Wormhole's Multichain Messaging More Reliable? Hack History Comparison** Wormhole's reliability is questionable despite its multichain reach, marred by a catastrophic $325M hack in 2022 (due to a signature flaw). Comparatively: 1. **Security Record**: - *LayerZero*: No major breaches, but relies on semi-centralized oracles. - *IBC*: Zero exploits, leveraging light-client validation. 2. **Recovery**: - Wormhole’s backstop (Jump Crypto bailout) restored funds but exposed centralization risks. 3. **Current Measures**: - Post-hack audits and bug bounties improved resilience, yet trust in its 19-chain network remains cautious. For high-value transfers, IBC’s track record wins; Wormhole suits speed-first use cases—with risk. *(Word count: 140)*
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