Wormhole exploiter strikes $46M value of stolen funds

The Wormhole Community exploiter, who stole practically $325 million value of belongings over a 12 months in the past, has been busy over the weekend. The hacker, who moved $150 million value of stolen belongings in January, shuffled extra funds on Feb. 12, in accordance with PeckShield.

The Wormhole attacker provided $46 million value of belongings to MakerDAO to obtain 16.6 million DAI tokens. The belongings moved to MakerDAO included 24,400 Lido wrapped staked ETH (wstETH) value $41.4 million and three,000 Rocket Pool ETH value $5 million.

The attacker then used the funds to purchase 9,752.24 ETH on the value of $1,537 per ETH, spending a complete of round $14.9 million. The exploiter spent one other $1.5 million to purchase 1,036 staked ETH(stETH). Based on PeckShield, the hacker wrapped the bought Ethereum tokens to get round 9,700 wstETH.

The Wormhole exploiter additionally provided $15 million value of wstETH to MakerDAO.

Journalist at CryptoSlate

Monika began studying about crypto in 2020 and went deeper and deeper down the rabbit gap. Whereas she is all the time skeptical of latest initiatives, she earnestly believes blockchain and the crypto business can relieve a few of our time’s most urgent issues, together with monetary inequality and transparency. She is a voracious reader, and her fondness for meals solely rivals her love for books.