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Solana’s Wormhole Bridge Exploiter moves $155 million in ETH



The hacker from Wormhole, one of the largest cross-chain bridges between Solana and other blockchains, has moved $155 million worth of stolen ETH funds to a decentralized exchange for the first time in months.

Blockchain data from the analysis platform CertiK uncovered that 95,630 ETH was sent to OpenOcean DEX before being converted into ETH-pegged assets such as Lido Finance’s Stacked ETH (stETH) and Wrapped Stacked (wstETH).

  • So the exploiter Second hand the Wrapped Staked Ether (wstETH) as collateral for raising a $13 million loan in the stablecoin DAI, in an offering Buy almost 7,989.5 ETH via KyberNetwor. The trades were repeated several times.
  • After the sudden spike in on-chain activity, the Wormhole team again offered the hacker a $10 million bounty in an embedded message in a transaction about the Wormhole: Deployer, the to read,

“We would like to reiterate our previous offer of a $10 million bounty for the total return of all monies stolen. You can reach us at bounty@wormholenetwork.com or reply via chain reply.”

  • A cybersecurity firm, Ancilla, has started renewed activity problematic a warning that many of the ad listings displayed by Google for the keyword “Wormhole Bridge” are in fact phishing websites.
  • The Wormhole exploit was one of the biggest hacks of 2022. The hacker exploited a vulnerability in the popular cross-chain protocol’s validation system, allowing it to generate fraudulently packaged ETH, which was then used to convert into ETH.
  • In a series of transactions, the hacker made off with nearly 120,000 Wormhole Ethereum (WeETH) valued at over $320 million.
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