Largest portion of stolen $ETH moved by Wormhole attackers: $155 million swapped for $stETH
Then, they borrowed Dai stablecoins, using stETH as collateral. In total, almost $15 million in DAI was loaned and then swapped for an additional portion of stETH. Thanks to their activity, the price of stETH spiked and the 1:1 peg to the ETH rate were lost.
As such, the Wormhole attacker became one of the largest stakers on Lido , receiving thousands of wstETH for his/her contribution. While some commentators suggested that he/she might just be trading with leverage, others are sure that money laundering is the actual purpose of this sophisticated operation that is still ongoing.As per DappRadar analytical tracker, the activation of the Wormhole attacker's wallet resulted in a 43.
As covered by U.Today previously, an attack on Wormhole became the first massive DeFi hack of 2022. The fraudsters managed to mint 120,000 Wrapped Ethers on the Solana blockchain without providing collateral.
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