Wormhole

Wormhole receives a C+ risk grade (42/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — massive scale and institutional backing, but the $320M exploit proved the 19-node security model can fail catastrophically A cross-chain bridge that moves tokens and messages between 30+ blockchains, secured by 19 validator nodes. It handles $1B in locked assets and $60B+ in annual transfer volume, backed by $225M in funding. Its C grade reflects a $320M hack in 2022 where an attacker minted fake tokens, plus a governance token that has dropped 90% since launch.

The key risks identified for Wormhole are: (1) An attacker minted $320M in fake tokens in February 2022 by exploiting a signature bug -- only Jump Crypto's bailout prevented total loss for users (2) Just 19 validator nodes secure $60B+ in annual volume -- if 13 of them get compromised, an attacker can mint unlimited fake tokens on any chain (3) The governance token has dropped 90% since launch, with 1.8B more tokens unlocking by 2026 -- this weakens the economic incentive for validators to stay honest

Wormhole scores 42/100 across eight risk dimensions: Mechanism Novelty: 5/15, Interaction Severity: 11/20, Oracle Surface: 0/10, Documentation Gaps: 3/10, Track Record: 10/15, Scale Exposure: 7/10, Regulatory Risk: 2/10, Vitality Risk: 4/10. The highest risk area is Scale Exposure at 7/10.

Among 19 rated Bridge protocols on Hindenrank, Wormhole ranks #14 by safety (lowest risk score = safest). Its 42/100 risk score and C+ grade place it among the riskier Bridge protocols.

Wormhole scores 10/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.