Info@NationalCyberSecurity
Info@NationalCyberSecurity

Wormhole initially included its own hacker in 670 million token airdrop | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker


Cross-chain protocol Wormhole W
-14.76%
initially allocated tokens to wallets that belong to one or more hackers from its 2022 exploit during its latest airdrop event.

“Wormhole forgot to exclude the exploiter from the airdrop,” noted a pseudonymous crypto user called Pland on X, pointing to addresses confirmed on the project’s eligibility checker.

Around four addresses associated with the hack were allocated over 31,600 W tokens, worth around $38,000.

While the tokens were initially allocated to these addresses, they have now been removed from the allocation, according to a source familiar with the situation.

The addresses belonged to the hacker that siphoned 120,000 ETH from the interoperability protocol in 2022. The hacked amount, worth around $323 million at the time, made the exploit one of the largest hacks in decentralized finance history.

Wormhole’s airdrop event, which gained considerable traction in the crypto community since the initial announcement, has seen  $1.25 billion worth of its W token traded since the event began, according to data from CoinGecko. 

W token’s price, which rose as high as $1.66, continued to fluctuate throughout the day. It currently stands at $1.21 as of publication time.


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

About Author

Danny Park is an East Asia reporter at The Block writing on topics including Web3 developments and crypto regulations in the region. He was formerly a reporter at Forkast.News, where he actively covered the downfall of Terra-Luna and FTX. Based in Seoul, Danny has previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.

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