Wormhole attacker moves $150m of stolen funds

Funds tied to past February’s Wormhole onslaught look to beryllium connected the move, according to assorted reports that emerged connected Monday, Jan. 23.

An Ethereum code tied to the onslaught (0x629e7…) has moved much than $150 cardinal of crypto.

Funds connected the move

The attacker traded $157.2 cardinal of Ethereum (ETH) for staked ETH (stETH), which they swapped for Lido’s wrapped staked ETH (wstETH) token. Next, the attacker utilized wstETH arsenic collateral for a $13 cardinal DAI indebtedness earlier buying an equivalent magnitude of ETH.

The information that the attacker ended the bid of trades with ETH⁠ — the aforesaid plus they began with — suggests an effort astatine wealth laundering. Swapping holdings this mode could marque transaction trails harder to analyze, overmuch similar utilizing a coin mixer.

ETH idiosyncratic Spreek noted that an attack connected Binance Smart Chain successful October 2022 besides saw an attacker acquisition liquid staking derivatives (LSDs) with stolen cryptocurrency astatine a aboriginal date.

Though Spreek speculated that this could bespeak a transportation betwixt the 2 attacks, others suggested that 1 attacker whitethorn person imitated the other’s strategy to obscure their activity.

The station Wormhole attacker moves $150m of stolen funds appeared archetypal connected CryptoSlate.