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A comment on Wormhole confirms all $320M in funds have been restored. Parent comment

Re:Wormhole confirms all $320M in funds have been restored by vilhelm_s on Thursday February 03, 2022 @03:58PM (#30198729)
I don't think this is right at all. The attack first created 100,000 wETH ($320 million) on the Solana side, and then bridged 93,750 wETH ($250 million) to ETH on the Ethereum side [1]. So some of the added ETH backs the remaining 6250 "extra" wETH tokens on the Solana side, but almost all of it would have gone to replace the stolen 93,750 ETH, and that's a pure loss. Either way I don't think this would cause any inflation, since the wETH still corresponds 1:1 with locked ETH.

[1] https://twitter.com/samczsun/status/1489044939732406275

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Re:Wormhole confirms all $320M in funds have been restored by ww520 on Thursday February 03, 2022 @04:30PM (#30199182)
Who is holding the SOL from the created wETH by the hackers at the end?
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Re:Wormhole confirms all $320M in funds have been restored by vilhelm_s on Thursday February 03, 2022 @04:40PM (#30199300)
creating wETH doesn't create any SOL, they are separate things.
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Re:Wormhole confirms all $320M in funds have been restored by ww520 on Thursday February 03, 2022 @05:31PM (#30199973)
In a normal setting when a user deposits his SOL to create the wETH, where does the SOL go at the end when the wETH is settled? Where does the SOL go when it's released from the wETH?

The wETH pairs X amount of SOL with an ETH. When it's settled, it releases both the SOL and the ETH to the corresponding parties. When the wETH is falsely created, it creates the SOL it wraps.

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Re:Wormhole confirms all $320M in funds have been restored by vilhelm_s on Thursday February 03, 2022 @06:54PM (#30200789)
You don’t deposit any SOL to create wETH, you deposit ETH on the ethereum side. That’s what the name means, “wrapped ETH”
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Re:Wormhole confirms all $320M in funds have been restored by somebodythere on Thursday February 03, 2022 @05:46PM (#30200138)
wETH wraps ETH, not SOL.
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Re:Wormhole confirms all $320M in funds have been restored by ww520 on Thursday February 03, 2022 @06:01PM (#30200286)
So where does the SOL go in a normal transaction?
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Re:Wormhole confirms all $320M in funds have been restored by 22c on Thursday February 03, 2022 @06:27PM (#30200540)
SOL is the gas on Solana smart contracts. In a "normal" transaction on Solana, SOL goes towards paying the TX fee itself.

In the case of the Wormhole bridge, there are transactions on both the Ethereum mainnet side (paid for in Ethereum gwei) and the Solana network side (paid for in Solana gwei). The only lossy factor is in the bridging fees themself which are typically a "flat" fee.

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