An unknown person who hacked the Wormhole cross-chain protocol worth over $319 million in February 2022 began moving assets. Wormhole exploiter has converted his ETH to wstETH and is going to borrow DAI against it it seems. pic.twitter.com/9rhERSMG5u — Spreek (@spreekaway) January 23, 2023 A Twitter user under the pseudonym Spreek noticed that the hacker exchanged through DEX– OpenOcean aggregator 95,677 ETH for a “wrapped version” of stETH from the Lido protocol. He then converted the assets to wstETH tokens compatible with DeFi trading platforms. He used the funds as collateral to borrow several amounts in the DAI stablecoin on
Wormhole, one of the popular cross-chain bridges amongst Solana, Ethereum, and other blockchains, has reported a massive hack of $321 million in Ether after hackers exploited a vulnerability in its... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
Jump Crypto announced that it replaced 120,000 ETH Friday morning Asia time to its cross-chain bridge Wormhole after a US$325 million exploit left wrapped Ether (wETH) in the Solana ecosystem... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
Reports indicate that the Wormhole Network’s ethereum solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…