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Market News

Wormhole Hacker Entitled to Over $50,000 Worth of W Tokens

Written By Gabriel Mael
Published 2024-04-06·Updated 3 years ago
Make The Crypto Times preferred on GoogleGoogle
Wormhole W Token Goes Live on Multiple Blockchains

The hacker responsible for the $326 million exploit on Wormhole is now able to claim more than $50,000 worth of W tokens. 

According to the user Degen News, around 31,000 W tokens were accumulated based on the transactions conducted by the hacker across four wallets during the February 2022 exploit.

NEW: 4 WALLETS CONNECTED TO THE @wormhole EXPLOIT ARE ELIGIBLE FOR ~$52.7K WORTH OF $W CLAIM – PER @ZheSolworks AIRDROP CHECKER

H/T: @Pland__ pic.twitter.com/P7SFfzJPxS

— DEGEN NEWS (@DegenerateNews) April 4, 2024

A total of 617 million W tokens were allocated for people who tried the early messaging network on April 3rd. Another influencer named Pland noticed the same flaw the moment it had been published, indicating that the addresses the hackers used had not been excluded from the distribution.

According to the report from the security outlet Rekt News, this incident was the largest crypto theft experienced. Jump Crypto swiftly refunded the entire loss incurred from the incident in February 2022, when a hacker managed to bypass Wormhole’s smart contract to mint 120,000 Wormhole Ether (whETH).

Also Read: Zimbabwe Launches Gold-Backed Currency to Fight Inflation

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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