The hacker behind the $321 million Wormhole bridge assault has shifted a big chunk of stolen funds, with transaction information displaying that $155 million value of Ether (ETH) was transferred to a decentralized alternate (DEX) on Jan 23.

The Wormhole hack was the third largest crypto hack in 2022, after the protocol’s token bridge suffered an exploit on Feb. 2 that resulted within the lack of 120,000 Wrapped ETH (wETH), value round value $321 million.

Based on the transaction historical past of the hacker’s alleged pockets handle, the newest exercise reveals that 95,630 ETH was despatched to the OpenOcean DEX after which subsequently transformed into ETH-pegged belongings equivalent to Lido Finance’s staked ETH (stETH) and wrapped staked ETH (wstETH).

Digging into the transaction historical past additional, crypto group members equivalent to Spreekaway additionally highlighted that the hacker went on to conduct a slew of odd-looking transactions.

For instance, the hacker used their stETH holdings as collateral to borrow 13 million value of the DAI stablecoin, earlier than swapping it out for extra stETH, wrapping it into stETH once more after which borrowing some extra DAI.

Notably, the Wormhole workforce has taken the chance to as soon as once more supply the hacker a bounty of $10 million in the event that they return all of the funds, leaving an embedded message conveying such in a transaction.

Embedded message: Etherscan

The hacker’s hefty ETH transaction seems to have had a direct affect on the value of stETH in response to information from Dune Analytics. The asset’s worth went from just below peg of 0.9962 ETH on Jan. 23, to as excessive as 1.0002 ETH the next day, earlier than dropping again to 0.9981 on the time of writing.

Associated: North Korea’s Lazarus Group masterminded $100M Concord hack: FBI confirms

With the Wormhole hack prone to catch extra consideration in gentle of the newest incident, blockchain safety companies equivalent to Ancilia Inc. warned on Jan. 19 that looking key phrases “Wormhole Bridge” in Google is at the moment displaying promoted advert web sites which are really phishing operations.

The group has been warned to be diligent on what they’re clicking on referring to this time period.


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