BlocksInform
Cryptography badly obtained from one of the biggest exploits of the industry is once again on the move, with data on the channel showing an additional $46 million in stolen funds just moved from the hacker's wallet.
The Wormhole attack was the third-largest crypto hack in 2022, resulting from an exploit of Wormhole’s token bridge in February 2022. Approximately 321 million dollars of enveloped eth (weth) were stolen.
According to the blockchain security company peckshield, the pirate's associated portfolio became active once again, displacing $46 million in crypto assets.
It consisted of approximately 24,400 lido-finance wrapped ethereum token staking (wsteth), about $41.4 million in funding, and 3,000 flare ethereum token staking (reth), with a value of approximately five million dollars, Moved to the makerdao.
The pirate seems to be looking for returns or arbitrage opportunities on their stolen loot as the assets were traded for 16.6 million dai, peckshield reported.
The stablecoin makerdao was then used to purchase 9,750 eth for approximately $1,537 and 1,000 steth. The latter were then enveloped in 9,700 wsteth.
#PeckShieldAlert The Wormhole Network Exploiter 0x629e supplied $46M worth of cryptos, including 24.4k $wstETH ($41.4M) & 3k $rETH (~$5M), to MakerDAO for 16.6M $DAI & used them to buy 9.75k ($ETH at $1,537) & 1k $stETH ($ETH at $1,543), then wrapped them for ~9.7k $wstETH pic.twitter.com/BRfygHgpit
— PeckShieldAlert (@PeckShieldAlert) February 12, 2023
On Feb. 10, an on-chain sleuth observed that the hacker was “buying the dip.”
However, the price of ether () dropped below these levels a few hours ago. As of the writing of this report, the EPF was down 2.6% from the previous day to $1,505, according to CoinGecko.
At the time of transfers, stETH prices fell from Ethereum to $1,570. At the time of writing, they traded 2.4 percent higher than eth at $1.541. In addition, wsteth also dusted off and went up to $1,676, an 11.3% increase over the underlying asset.
Related: Crypto exploit losses in January see nearly 93% year-on-year decline
The latest funds movement comes only a few weeks after the hacker moved another $155 million worth of Ethereum to a decentralized exchange.
On 24 January, 95630 EPFs were sent to DEX OpenOcean and converted to EPF assets, including Lido's stETH and wstETH assets.
