Two years ago, a hacker withdrew $320 million from the protocol

The Wormhole team deleted the address of the hacker of the project from the list of airdrop participants

04.04.2024 - 14:56

268

3 min

What’s new? The hacker of the cross-chain protocol Wormhole, who withdrew $320 million from the project on February 3, 2022, has received the right to participate in the airdrop of the native token W. The launch and distribution of the coin, as well as listing on the crypto exchange Binance took place on April 3 this year. During the distribution, 674,8 million W tokens were distributed among more than 400 000 wallets. At the same time, the Wormhole team initially forgot to exclude the hacker’s wallets from those admitted to the distribution. This was reported by an anonymous blockchain analyst under the nickname Pland.

Source: Twitter.com

What else is known? According to DEGEN NEWS, four addresses associated with the Wormhole exploit were eligible to claim 31 642 W worth $52 700 at that time. That said, by the time the news was written, those wallets had already been removed from the list of eligible to receive free coins, according to airdrop explorer Airdropped.

Source: Twitter.com

Also, during the airdrop, the official X account of Wormhole founder Robinson Burkey was hacked. Scammers began posting malicious links on his behalf, urging users to link their wallets supposedly to participate in the airdrop, which threatened to result in the loss of funds. Later, Burkey restored and closed the account.

An anonymous blockchain analyst under the nickname ZachXBT also pointed out that hundreds of fake accounts with “gold checkmarks” left phishing links to attach wallets under the official airdrop announcement. Previously, ZachXBT had already urged the X management to pay attention to this problem.

Source: Twitter.com

Although the hacker still failed to get the coins, the event, coupled with the token launch and a massive airdrop, has brought Wormhole into the limelight. Santiment analysts named it one of the most talked about projects.

After the launch, the W token rate reached $1,5 but has now collapsed by 24%. The daily trading volume exceeded $1,2 billion. The asset takes 61st place in the overall ranking of cryptocurrencies with a capitalization of more than $2 billion.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy