Wormhole hacker moves $155M in biggest shift of stolen funds in months

The hacker behind the $321 million Wormhole bridge attack has actually moved a large piece of taken funds, with transaction information showing that $155 million worth of Ether (ETH) was moved to a decentralized exchange (DEX) on Jan 23.

The Wormhole hack was the 3rd biggest crypto hack in 2022, after the protocol’s token bridge suffered a make use of on Feb. 2 that resulted in the loss of 120,000 Wrapped ETH (wETH), worth around worth $321 million.According to the transaction history of the hacker’s supposed wallet address, the latest activity reveals that 95,630 ETH was sent out to the OpenOcean DEX and after that consequently converted into ETH-pegged properties such as Lido Finance’s staked ETH(stETH )and covered staked ETH (wstETH). #CertiKSkynetAlert We are seeing address 0x629e … Wormhole Network Exploiter swap 95,630 Ether( ~$155M)to stETH Stay safe! pic.twitter.com/ZR6zxlRuKX!.?.!— CertiK Alert(@CertiKAlert)January 23, 2023 Digging into the deal history further, crypto neighborhood members such as Spreekaway likewise highlighted that the hacker went on to perform a multitude of odd-looking transactions. For example, the hacker utilized their stETH holdings as security to obtain

13 million worth of the DAI

stablecoin, before swapping it out for more stETH, covering it into stETH again and then obtaining some more

DAI. Wormhole exploiter has transformed his ETH to wstETH and is going to borrow DAI versus it seems. pic.twitter.com/9rhERSMG5u!.?.!— Spreek (@spreekaway) January 23, 2023

Notably, the Wormhole group has seized the day to once again provide the hacker a bounty of$10

million if they return all the funds, leaving an ingrained message conveying such in a deal. Embedded message: Etherscan The hacker’s large ETH deal appears to have had a direct influence on the rate of stETH

according to information from Dune Analytics. The asset’s price went from slightly under peg of 0.9962 ETH on Jan. 23, to as high as 1.0002 ETH the following day, before dropping back to 0.9981 at the time of writing.Related: North Korea’s Lazarus Group masterminded$100M Harmony hack: FBI verifies With the Wormhole hack likely to capture more attention because of the current occurrence, blockchain security companies such as Ancilia Inc. cautioned on Jan. 19 that searching keywords”Wormhole Bridge”in Google is presently revealing promoted advertisement websites that are actually phishing operations