The exploiter who launched the infamous Wormhole attack in February 2022 has assumed a new identity, reportedly as a consequence of a coordinated effort by Jump Crypto and Oasis. More than a year ago, the Wormhole network was hacked, leading to one of the largest 2022 crypto loss instances. The entire amount seized was roughly 120,000 ETH, which was worth $325 million at that point in time.
Jump Crypto, the cryptocurrency arm of Jump Trading with offices in Chicago and a hand in the development of the Wormhole system, took over these funds. Jump’s mission was to “make stakeholders whole and support Wormhole today as it continues to grow,” regarding a tweet from the company at the time.
Jump did not Give Up
A month later, Jump Trading Group’s president and chief financial officer, David Olsen, told Bloomberg that “Working closely together with both public and private resources is our goal. There is significant firepower that is adept at catching such criminals. And we won’t stop fighting until we win this conflict. We won’t be concerned about this problem in a month or a year as it is permanent.”
Based on a blockchain-based study by Blockworks Research, Jump finally won that conflict. And it appears that just three days ago, the money was already been retrieved. Jump Crypto did not elaborate on the findings, while Oasis did not reply to a request for clarification.
Neither Oasis nor Jump Makes a Statement About the Wormhole Hacker
The exploiter has frequently switched between stealing money from different Ethereum apps. By creating two Oasis vaults, they have just constructed a leveraged long position on two ETH staking derivatives. Importantly, both vaults utilized Oasis’ automation capabilities.
Many wallets were impacted by the counter exploit. Each address receives a specific alias that is used throughout the inquiry. It is still unclear who the proprietor of the Sender and Holder is—Oasis or Jump. Yet, the most plausible scenario is that Jump is in command of these places, considering that Jump paid off the debt to remove the collateral. Jump and Oasis have not yet confirmed this.
You may be interested in: The US Regulator Strikes Again! Will CBDC Be Banned?
