We examine the linear stability of static, spherically symmetric wormhole solutions of Einsteins field equations coupled to a massless ghost scalar field. These solutions are parametrized by the areal radius of their throat and the product of the masses at their asymptotically flat ends. We prove that all these solutions are unstable with respect to linear fluctuations and possess precisely one unstable, exponentially in time growing mode. The associated time scale is shown to be of the order of the wormhole throat divided by the speed of light. The nonlinear evolution is analyzed in a subsequent article.
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