Funds tied to final February’s Wormhole assault look like on the transfer, in response to varied experiences that emerged on Monday, Jan. 23.
An Ethereum tackle tied to the assault (0x629e7…) has moved greater than $150 million of crypto.
Funds on the transfer
The attacker traded $157.2 million of Ethereum (ETH) for staked ETH (stETH), which they swapped for Lido’s wrapped staked ETH (wstETH) token. Subsequent, the attacker used wstETH as collateral for a $13 million DAI mortgage earlier than shopping for an equal quantity of ETH.
The truth that the attacker ended the collection of trades with ETH — the identical asset they started with — suggests an try at cash laundering. Swapping holdings this manner might make transaction trails tougher to investigate, very similar to utilizing a coin mixer.
ETH person Spreek famous that an assault on Binance Sensible Chain in October 2022 additionally noticed an attacker buy liquid staking derivatives (LSDs) with stolen cryptocurrency at a later date.
Although Spreek speculated that this might point out a connection between the 2 assaults, others instructed that one attacker might have imitated the opposite’s technique to obscure their exercise.
