Oasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack

Decentralized Finance (DeFi) platform Oasis said Friday it seized assets tied to last year’s $140 million exploit of the Wormhole bridge and returned them to an “authorized third party” after being ordered to do so by a British court.

blog post, Oasis, which develops multi-signature wallet software that the hacker deposited funds into, said whitehats recently notified it of “a previously unknown vulnerability in the design of the admin multisig access.” After a twenty-first of February. She took advantage of this vulnerability to recover the money.

'We underline that this access was only intended to protect user assets in case of a potential attack, and would have enabled us to act swiftly to correct any vulnerability revealed to us," said Oasis.

It said that it had returned the funds to an "authorized third party". an article of blockworks that preceded the oasis blog post identified cryptojump – vortex developer – as the owner of the portfolios that have been foreclosed.

Cryptojump does not have immediate feedback.

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