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Ethereum News

Wormhole Attackers Are Using Stolen Assets to Leverage Long Eth in the Form of Loans

January 24, 2023
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Etherscan records show that addresses related to the theft of $323 million worth of ETH in the cross-chain protocol Wormhole began transferring assets.

The attacker’s address integrated the stolen ETH, and converted 95,630 ETH (approximately US$157.2 million) into stETH through the DEX aggregator OpenOcean, and then stETH was converted into 86,473 wstETH.

The hacker also used wstETH as collateral to obtain a DAI loan of 13 million US dollars, which was used to purchase about 7989.5 ETH through KyberNetwork. The hacker repeated the process, continually increasing leverage.

Previous ArticleData: Crypto.com wallets hold $2.46 billion in BTC, ETH, USDT and other tokens
Next Article OpenSea’s transaction volume exceeded US$300 million in January, the first consecutive growth in the past year

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