Fun

Wormhole bridge hacker from 2022 was briefly eligible for the recent airdrop

News Feed - 2024-04-04 02:04:09

Tom Mitchelhill3 hours agoWormhole bridge hacker from 2022 was briefly eligible for the recent airdropThe hacker who once stole over $320 million from the Wormhole bridge appears to have been initially eligible to claim a Wormhole airdrop that would have netted them $50,000.938 Total views16 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe hacker behind the infamous $320-million exploit of the Wormhole bridge in 2022 was initially deemed eligible for an airdrop that would have seen them claim $50,000 in newly launched W tokens. 


In an April 4 post to X, pseudonymous researcher Pland claimed that the Wormhole team had forgotten to exclude a number of wallet addresses affiliated with an exploit that saw hackers steal $321 million in crypto from the cross-chain bridge in 2022.


According to data from Solana-based airdrop checker Airdrop.link later cited by Degen News in an April 4 post to X, a total of four wallet addresses connected with the exploit were temporarily able to claim Wormhole’s airdrop.Source:Degen News


If the hacker had elected to claim their airdrops, they would have been eligible for roughly 31,642 Wormhole (W) tokens worth around $50,000 at current prices.


Cointelegraph independently checked the wallet addresses on Airdrop.link; however, we found that they were no longer eligible, suggesting that the Wormhole team may have already plugged the gap.


Cointelegraph contacted Wormhole but did not receive a response by the time of publication.


All four of the eligible wallet addresses were flagged as being linked to the 2022 Wormhole exploit by Solana block explorer Solana.fm.


Related:Wormhole crosses 1B in cross-chain messages ahead of token launch


The Wormhole bridge was exploited for a staggering $321 million in February of 2022, rendering it one of the largest hacks in the history of the crypto industry.


However, in February 2023, Web3 infrastructure firm Jump Crypto and decentralized finance (DeFi) platform Oasis.app conducted a “counter exploit” on the Wormhole protocol hacker.Source: Spreek


The two firms managed to successfully claw back a total of $225 million in digital assets from the wormhole exploiter and subsequently returned them to safe wallets.


On April 3, Wormhole announced that it would be airdropping more than 675 million — worth roughly $850 million at current prices — of its new Wormhole (W) tokens to eligible users.


Magazine:‘SEAL 911’ team of white hats formed to fight crypto hacks in real time# Blockchain# Cryptocurrencies# Altcoin# Hackers# Airdrop# HacksAdd reactionRead moreWormhole, Ethena and Waves are top 3 ‘trending’ tokens right now: SantimentWormhole’s huge airdrop attracts scammers, spoof tokens and a $3B valuationMemecoins were ‘most profitable crypto narrative’ in Q1 2024 — CoinGecko

News Feed

Marcel Pechman4 hours agoWill weakness in Magnificent 7 stocks spread to Bitcoin price?Tech stocks face trillion-dollar losses as bond yields soar, but their $596 billion cash positions favor alternative hedges, includin
OVR and the Results of the Token Burning Program’s First Month
OVR and the Results of the Token Burning Program"s First Month sponsored OVR launched its new Token Burning Program on 1 Novemberto make its own tokens more rare and valuable. The r
Bitcoin entering most likely 2 weeks for new BTC price dip — Analysis
William Suberg6 hours agoBitcoin entering most likely 2 weeks for new BTC price dip — AnalysisBitcoin market inertia is dragging on, and a BTC price drop over the next fortnight would correspond to classic post-halving
Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services
Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services A major commercial bank in South Korea is entering the crypto business by allocat
Bitcoin on edge as economy falters: 10x Research report
Josh O"Sullivan14 hours agoBitcoin on edge as economy falters: 10x Research reportFindings from a 10x Research report reveal a potential Bitcoin price drop below $50,000 amid US economic uncertainty, impacting the broade
Helen Partz21 minutes agoSouth Korean city to seize crypto from thousands of tax evaders: ReportCity authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the g
Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate
Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate The adoption of blockchain technology and the use of cryptocurrencies by pe
There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits
There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits In recent times, cryptocurrencies that burn tokens have been very popular and a
Cointelegraph Accelerator13 hours agoCrypto wallet with zero connectivity: NGRAVE joins Cointelegraph AcceleratorNGRAVE, a digital asset security provider, offers user-friendly, self-custody solutions that combine offlin
Brayden Lindrea8 hours agoDeFi protocol Balancer frontend is under attack, $238K crypto stolenThe platform notified its community on Sept. 19 at 11:49 pm UTC, urging users not to interact with Balancer protocol until fur
Starknet Foundation launches $5M grants program
Zoltan Vardai15 hours agoStarknet Foundation launches $5M grants programThe funding aims to help developers with final-stage blockchain projects come to market and boost overall blockchain innovation.2356 Total views1 To
NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2
Brayden Lindrea3 hours agoNFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downfal