Two Firms Hack Over $198,000,000 Worth Of Crypto From Wormhole Attacks
Around $200 million in crypto assets have been counter-hacked from the entities responsible for the Wormhole bridge exploit, one of the largest hacks in the history of the industry.
According to decentralized finance (DeFi) platform Oasis, which develops wallet software that the hacker tapped into, the firm went ahead with exploiting its own wallet after getting the go-ahead from a UK high court.
says Oasis,
“On 21 February 2023 we received an order from the High Court of England and Wales to take all necessary steps which would result in the recovery of certain assets involved in the wallet address linked to the Wormhole Exploit on 2 February 2022. This was carried out in accordance with the requirements of the court order, as required by law, using Oasis Multisig and a court-authorized third party
We can also confirm that the assets were immediately sent to a wallet controlled by the authorized third party, as required by the court order. We retain no control or access to these assets”
According to data from Oasis, at the time of writing, 3,213 RETH and 120,695 WSTETH worth around $198 million were removed from the vaults, out of the hands of the Wormhole exploiter and into the control of wallets identified as belonging to Jump Trading.
Jump Trading, the parent company of Wormhole, announced at the time of the 2022 attack that it would replace the stolen assets, which at the time were worth approximately $320 million. The company has not publicly commented on the counter-exploitation at the time of writing.
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