Wormhole exploiter moves $46M worth of stolen funds Wormhole exploiter moves $46M worth of stolen funds
The Wormhole attacker moved $46 million worth of tokens to MakerDAO and received 16.6 million DAI over the weekend.
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Updated: Feb. 12, 2023 at 5:47 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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.
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Monika Ghosh
In 2020, Monika immersed herself in crypto, maintaining skepticism yet firmly believing blockchain could address key issues like financial disparity and transparency. A book-lover, she's also a passionate food enthusiast.
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