The hacker of Wormhole, one of the largest cross-chain bridges between Solana and other blockchains, has moved stolen funds of $155 million worth of ETH for the first time in months to a decentralized exchange.
Blockchain data by analytic platform CertiK revealed that 95,630 ETH was sent to the OpenOcean DEX before being converted into ETH-pegged assets such as Lido Finance’s staked ETH (stETH) and wrapped staked (wstETH).
The exploiter then used the wrapped staked Ether (wstETH) as collateral to take a $13 million loan in the stablecoin DAI, in a bid to buy nearly 7,989.5 ETH via KyberNetwor. The trades were repeated multiple times.
Following the sudden burst of on-chain activity, the Wormhole team offered the hacker a bounty of $10 million once again in an embedded message in a transaction via the Wormhole: Deployer, which read,
“We would like to reiterate our previous offer of a $10 million bounty for the total return of all the stolen funds. You can reach out to us at [email protected] or reply on chain.”
With the renewed activity, a cybersecurity firm, Ancilla, has issued a warning that many of the ad entries shown by Google for keywords “Wormhole Bridge” are, in fact, phishing websites.
The Wormhole exploit was one of the biggest hacks in 2022. The hacker exploited a vulnerability in the validation system of the popular cross-chain protocol, enabling them to fraudulently generate wrapped ETH, which was then used to convert into ETH.
Across a slew of transactions, the hacker made off with nearly 120,000 Wormhole Ethereum (WeETH) worth over $320 million.
The post Solana’s Wormhole Bridge Exploiter Moves $155M in ETH appeared first on CryptoPotato.
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