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Wormhole exploiter moves $46M worth of stolen funds

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Wormhole exploiter moves $46M worth of stolen funds Monika Ghosh · 13 hours ago · 1 min read

The Wormhole attacker moved $46 million worth of tokens to MakerDAO and received 16.6 million DAI over the weekend.

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Updated: February 12, 2023 at 5:47 pm

Cover art/illustration via CryptoSlate

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The Wormhole Network exploiter, who stole nearly $325 million worth of assets over a year ago, has been busy over the weekend. The hacker, who moved $150 million worth of stolen assets in January, shuffled more funds on Feb. 12, according to PeckShield.

The Wormhole attacker supplied $46 million worth of assets to MakerDAO to receive 16.6 million DAI tokens. The assets moved to MakerDAO included 24,400 Lido wrapped staked ETH (wstETH) worth $41.4 million and 3,000 Rocket Pool ETH worth $5 million.

The attacker then used the funds to buy 9,752.24 ETH at the price of $1,537 per ETH, spending a total of around $14.9 million. The exploiter spent another $1.5 million to buy 1,036 staked ETH(stETH). According to PeckShield, the hacker wrapped the purchased Ethereum tokens to get around 9,700 wstETH.

The Wormhole exploiter also supplied $15 million worth of wstETH to MakerDAO.

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