Wormhole Security: Lessons Learned and Stringent Safeguards! 🔒💡
Security is the top priority for Wormhole by July 2025, especially after the exploit incident in 2022. The protocol has significantly strengthened its security measures:
Guardian Network: The foundation of security is provided by a decentralized network of 19 validators from leading global companies, each running full nodes of all connected blockchains.
Rigorous Auditing: Ongoing internal and external audits of the protocol's code.
Bug Bounty Program: An active reward program for discovering vulnerabilities.
Global Accountant: A module ensuring a 1:1 parity between native and wrapped assets, preventing the creation of "extra" wrapped tokens.
Governor: A system that limits the withdrawal volumes of assets from connected chains to slow the potential spread of vulnerabilities.
Open Source Code: Code transparency allows the community to verify it. These measures are aimed at preventing future attacks and ensuring the reliability of cross-chain transactions.
