How Wormhole hacker almost profited from W token airdrop mishap

6 months ago

The malicious histrion down the infamous hack incident that stole implicit 80,000 ETH from Wormhole successful 2022 was concisely entitled to person an undisclosed magnitude of airdropped W tokens, pseudonymous blockchain researcher Pland revealed.

In his societal media station connected X, Pland quipped:

“Wormhole forgot to exclude the exploiter from the airdrop.”

Degen News corroborated the finding, disclosing that 4 Solana wallets linked to the hacker could assertion $52,700 worthy of W tokens.

Austin Federa, the caput of strategy astatine Solana Foundation, saw the comic broadside to this episode, saying:

“This is really an unthinkable committedness to protocol neutrality.”

Meanwhile, this quality attracted wide assemblage scrutiny, prompting the Wormhole squad to region these addresses’ eligibility. CryptoSlate confirmed the exclusion of these addresses via the Airdrop Checker website.

Wormhole airdrop

Interoperability protocol Wormhole released its autochthonal W token connected April 3 to overmuch acclaim from the crypto community.

The lawsuit attracted important attraction from malicious players spreading phishing links astir the event.

Blockchain sleuth ZachXBT revealed “tons of accounts with golden checkmarks successful the replies posting phishing scams.”

Similarly, web3 information steadfast Scam Sniffer reported that its hold instrumentality “alerted users to arsenic galore arsenic 18 fake accounts related” to Wormhole. It added that implicit 100 phishing sites related to Wormhole person been added to our blocklist.”

“Every airdrop presents a premier accidental for scammers. Stay alert and support your assets,” Scam Sniffer added.

W down 25%

Meanwhile, W’s worth has seen a steep diminution of much than 25% during its archetypal 24 hours of trading arsenic airdrop claimers currency successful connected their assets.

CoinMarketCap data shows that the integer asset’s worth spiked to arsenic precocious arsenic $1.59 during the reporting play earlier drastically falling to $1.15 arsenic of property time.

However, contempt this decrease, respective large exchanges, including Binance and OKX, person listed it connected their platforms, pushing its trading measurement into the apical 10 of the astir traded assets during the past day.

The station How Wormhole hacker astir profited from W token airdrop mishap appeared archetypal connected CryptoSlate.

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