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PeckShield Reveals Wormhole Exploiters Shuffled $46m in Stolen Assets

The hackers stole roughly $325 million in 2022 and moved roughly $150 million in stolen digital assets in January.

Cybercriminals using the Wormhole Network exploiter have moved additional funds around their networks, PeckShield reported.

The hackers stole roughly $325 million in 2022 and moved roughly $150 million in stolen digital assets in January. According to PeckShield, the group shuffled more of the funding on Sunday.

The report outlined the funds as they moved across channels. The suspect converted $46 million in assets to 16.6 million MakerDAO’s DAI native tokens. Converted assets included 24,400 Lido-wrapped staked Ether (wstETH) valued at $41.4 million, and a further 3,000 Rocket Pool ETH totalling $5 million.

The Wormhole hacker later bought 9,752.24 ETH for $1,537 each, totalling $14.9 million.

It also bought 1,036 staked ETH (stETH) valued at $1.5 million, wrapping the purchase for 9,700 wstETH, the report concluded.

PeckShield, a suspicious accounts watchdog, issued further reports on similar activities. In December last year, unknown users reactivated an inactive crypto wallet after four years to transfer a huge 22,982 ETH sum to a new address.

It found transfers from Poloniex and Genesis valued at 9,878 ETH and 13,103 ETH, respectively. Transactions took place after Ethereum peaked at $1,200 per coin last year.

No information published in Crypto Intelligence News constitutes financial advice; crypto investments are high-risk and speculative in nature.