Wormhole exploiter moves $46M worth of stolen funds

The Wormhole Network exploiter, who stole nearly $325 million worth of assets over a year ago, has been busy over the weekend. The hacker, who moved $150 million worth of stolen assets in January, shuffled more funds on Feb. 12, according to PeckShield.

The Wormhole attacker supplied $46 million worth of assets to MakerDAO to receive 16.6 million DAI tokens. The assets moved to MakerDAO included 24,400 Lido wrapped staked ETH (wstETH) worth $41.4 million and 3,000 Rocket Pool ETH worth $5 million.

The attacker then used the funds to buy 9,752.24 ETH at the price of $1,537 per ETH, spending a total of around $14.9 million. The exploiter spent another $1.5 million to buy 1,036 staked ETH(stETH). According to PeckShield, the hacker wrapped the purchased Ethereum tokens to get around 9,700 wstETH.

The Wormhole exploiter also supplied $15 million worth of wstETH to MakerDAO.

Journalist at CryptoSlate

Monika started reading about crypto in 2020 and went deeper and deeper down the rabbit hole. While she is always skeptical of new projects, she earnestly believes blockchain and the crypto industry can relieve some of our time’s most pressing problems, including financial inequality and transparency. She is a voracious reader, and her fondness for food only rivals her love for books.