<\/p>\n
The ill-gotten crypto from one of the industry\u2019s largest exploits is on the move again, with on-chain data showing another $46 million of stolen funds has just shifted from the hacker\u2019s wallet.<\/p>\n
The Wormhole attack was the third largest crypto hack in 2022 resulting from an exploit of Wormhole\u2019s token bridge in February\u00a02022. Around $321 million of Wrapped ETH (wETH) was stolen. <\/p>\n
According to blockchain security firm PeckShield, the hacker\u2019s associated wallet has become active once again, moving d $46 million worth of crypto assets. <\/p>\n
This was made up of around 24,400 of Lido Finance-wrapped Ethereum staking token (wstETH), worth approximately $41.4 million and 3,000 Rocket Pool Ethereum staking token (rETH), worth about $5 million, which was moved to MakerDAO.<\/p>\n
The hacker appears to be seeking yield or arbitrage opportunities on their stolen loot as the assets were exchanged for 16.6 million DAI, PeckShield reported.<\/p>\n
The MakerDAO stablecoin was then used to buy 9,750 ETH priced at around $1,537 and 1,000 stETH. These were then wrapped back into 9,700 wstETH.<\/p>\n
\n#PeckShieldAlert<\/a> The Wormhole Network Exploiter 0x629e supplied $46M worth of cryptos, including 24.4k $wstETH<\/a> ($41.4M) & 3k $rETH<\/a> (~$5M), to MakerDAO for 16.6M $DAI<\/a> & used them to buy 9.75k $ETH<\/a> ($ETH at $1,537) & 1k $stETH<\/a> ($ETH at $1,543), then wrapped them for ~9.7k $wstETH<\/a> pic.twitter.com\/BRfygHgpit<\/a><\/p>\n
\u2014 PeckShieldAlert (@PeckShieldAlert) February 12, 2023<\/a><\/p><\/blockquote>\n