Biggest Crypto Investment Goes to Wormhole
Wormhole, a protocol for cross-chain transfers, secured a whopping $225 million investment at a $2.5 billion valuation, marking the highest fundraising in the crypto sector for the year 2023.
On this page
Wormhole, a protocol for cross-chain transfers, secured a whopping $225 million investment at a $2.5 billion valuation, marking the highest fundraising in the crypto sector for the year 2023.
The round saw the involvement of major investors like Jump Trading, Multicoin Capital, Coinbase Ventures, Brevan Howard, and ParaFi, who received protocol's tokens in lieu of equity shares.
This significant financial boost comes amid a year of industry adversity and regulatory pressures.
In defiance of Wormhole's severe hacking incident in 2022, where hackers made off with around $320 million in crypto assets, investors continued to show their support. This event was among the most massive hacks recorded at that time.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
