The hacker who exploited Solana’s cross-chain bridge Wormhole a yr in the past has moved one other $61 million in ether (ETH) of the stolen funds.
Blockchain safety agency PeckShield disclosed Sunday that the exploiter moved among the property to the Ethereum-based decentralized protocol MakerDAO.
Wormhole Attacker Strikes Stolen Funds Once more
Recall that Wormhole Bridge was exploited in February 2022 after a vulnerability on the platform enabled an attacker to mint wrapped ETH (wETH) with out depositing ETH themselves.
The perpetrator made away with 120,000 wETH valued at roughly $320 million, making it one of many largest hacks in 2022.
Though Wormhole builders supplied a $10 million bounty in trade for returning the stolen property, the exploiter remained silent, and the account was dormant.
After almost a yr, CryptoPotato reported final month that the attacker moved $155 million price of ETH from the pockets, for the primary time, to the decentralized trade (DEX) OpenOcean.
The exploiter has now moved one other batch of the property to MakerDAO for algorithmic stablecoin DAI and staked ETH (stETH) purchases.
Based on PeckShield, the attacker first moved $46 million price of property, together with 24,400 wrapped staked ETH (wstETH) valued at $41.4 million and three,000 Rocket Pool ETH (rETH) price roughly $5 million.
The hacker swapped the moved tokens for 16.6 million DAI and used them to purchase 9,750 ETH at $1,537 every and 1,000 stETH tokens at $1,543 every. Afterward, the exploiter wrapped the bought tokens for 9,700 wstETH.
PeckShield additionally famous that the attacker moved a further 8,800 wstETH price roughly $15 million to MakerDAO.
#PeckShieldAlert The Wormhole Community Exploiter 0x629e equipped $46M price of cryptos, together with 24.4k $wstETH ($41.4M) & 3k $rETH (~$5M), to MakerDAO for 16.6M $DAI & used them to purchase 9.75k $ETH ($ETH at $1,537) & 1k $stETH ($ETH at $1,543), then wrapped them for ~9.7k $wstETH pic.twitter.com/BRfygHgpit
— PeckShieldAlert (@PeckShieldAlert) February 12, 2023
$216M Moved So Far
Altogether, the exploiter has moved $216 million out of the stolen $320 million deposited within the pockets related to the hack.
Notably, throughout the first fund switch in January, Wormhole builders reiterated their earlier $10 million bounty provide in a message embedded in one of many transactions however acquired no response from the attacker.
Binance Free $100 (Unique): Use this link to register and obtain $100 free and 10% off charges on Binance Futures first month (terms).
PrimeXBT Particular Provide: Use this link to register & enter CRYPTOPOTATO50 code to obtain as much as $7,000 in your deposits.
