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Home»ADOPTION NEWS»Wormhole initially involved its own hackers in the 670 million token airdrop.
ADOPTION NEWS

Wormhole initially involved its own hackers in the 670 million token airdrop.

By Crypto FlexsApril 4, 20242 Mins Read
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Wormhole initially involved its own hackers in the 670 million token airdrop.
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Posted 1 minute ago In ~

Crosschain Protocol worm-hole female

-23.077%
Initially, the 2022 exploit in the latest airdrop event allocated tokens to wallets belonging to one or more hackers.

“Wormhole forgot to exclude exploiters from airdrops.” famous A cryptocurrency user with the pseudonym Pland on

About four addresses involved in the hack were allocated 31,600 W tokens, worth about $38,000.

The tokens were initially allocated to this address, but have now been removed from allocation, according to sources familiar with the situation.

address It was owned by a hacker who stole 120,000 ETH from the 2022 Interoperability Protocol. At the time, the hacked amount amounted to approximately $323 million, making the attack one of the largest hacks in the history of decentralized finance.

Wormhole’s airdrop event attracted significant attention from the cryptocurrency community. Initial announcementAccording to , $1.25 billion worth of W tokens have been traded since the event began. data From CoinGecko.

The price of W token, which rose to $1.66, continued to fluctuate throughout the day. It is currently $1.21 at the time of publication.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.

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