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Wormhole hacker is eligible to obtain over $50,000 in W tokens

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The hacker behind the $326 million exploit on Wormhole turned eligible to assert over $50,000 in W tokens. In accordance with X consumer Degen Information, the transactions made by the hacker through the exploit in February 2022 in 4 wallets had been used as eligibility standards to amass over 31,000 W tokens.

The eligibility was discovered on April 3 by one other X consumer recognized as Pland, who highlighted that Wormhole had forgotten to exclude the wallets tied to the hack. Wormhole airdropped its tokens on the identical day, with 617 million W being distributed to the early adopters of its cross-chain messaging infrastructure.

Safety outlet Rekt Information factors to the Wormhole safety incident because the fifth largest by quantity stolen in crypto’s historical past. On February 2, 2022, a hacker was in a position to bypass Wormhole’s sensible contract to mint 120,000 Wormhole Ether (whETH).

The exploiter rapidly despatched 93,750 Ether again to Ethereum, and liquidated the remainder of its holdings on Solana, changing the quantity to USD Coin (USDC) and SOL. Nonetheless, the entire loss from the incident was refunded by Wormhole’s backer Soar Crypto the day after the exploit.

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