The Wormhole attack was the third-largest crypto hack in 2022, resulting from an exploit of Wormhole’s token bridge in February 2022. Around $321 million of Wrapped ETH was stolen.
According to blockchain security firm PeckShield, the hacker’s associated wallet has become active once again, moving $46 million worth of crypto assets.
This was made up of around 24,400 Lido Finance-wrapped Ethereum staking token, worth approximately $41.4 million, and 3,000 Rocket Pool Ethereum staking token, worth about $5 million, which was moved to MakerDAO.
The hacker appears to be seeking yield or arbitrage opportunities on their stolen loot as the assets were exchanged for 16.6 million DAI, PeckShield reported.
The MakerDAO stablecoin was then used to buy 9,750 ETH priced at around $1,537 and 1,000 stETH. These were then wrapped back into 9,700 wstETH.
However, the price of Ether has since fallen below those levels over the past few hours. At the time of writing, ETH was down 2.6% on the day at $1,505, according to CoinGecko.
