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TEXXR

Chronicles

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Jump Crypto recovers ~120,000 ether, worth $140M, stolen during the 2022 Wormhole exploit after Oasis upgraded a DeFi contract following a UK high court order

The Chicago trading firm appears to have recovered the 120,000 ether stolen during the 2022 Wormhole exploit.

Blockworks Jon Rice

Discussion

  • @evan_ss6 @evan_ss6 on x
    So Oasis (@MakerDAO) upgraded a contract to steal the 120,000 ETH back from the Wormhole hacker and return it to Jump Horrendous precedent
  • @chrisblec Chris Blec on x
    It was only a matter of time. 1) Court orders DeFi project to use multisig to steal money back from hacker 2) DeFi project says “OK!” and uses its multisig to exploit its own code 3) DeFi users are like “oh crap.. what?” What a total joke. https://blog.oasis.app/... https://twitt…
  • @evan_ss6 @evan_ss6 on x
    https://blockworks.co/... if they'd do it for Jump, what does that say about possible coercion via state actors? Also just 🤮 re: helping scammers like Jump in any way
  • @bitfinexed @bitfinexed on x
    Coming soon to crypto, whether you like it or not. https://twitter.com/... https://twitter.com/...
  • @ledgerstatus @ledgerstatus on x
    Is this what immutability looks like? https://twitter.com/...
  • @tbr90 Tyler Reynolds on x
    I'm always surprised that people technical enough to hack DeFi/CeDeFi so frequently seem to ignore centralization risk when parking their ill gotten gains https://twitter.com/...
  • @arthurb Arthur B. on x
    The entire Polygon network, Arbitrum, Optimism (and the newly launched Base), and virtually all NFTs issued on Solana are all controlled by a small multisig. https://twitter.com/...
  • @0xmert_ @0xmert_ on x
    seeing a lot of people hate on this nothing sketchy about it — this is a choice you make when interacting with non-frozen programs https://blockworks.co/...
  • @0xjim Jim on x
    Code is not law. Social coordination that is scaled through code has always been the precedent. Not saying I condone these actions—should open up a lot of conversation on what is “decentralised” https://twitter.com/...
  • @matthew_d_green Matthew Green on x
    It looks like Jump got their crypto back from the Wormhole hacker, by exploiting a vulnerable DeFi smart contract. https://twitter.com/...
  • @krugermacro @krugermacro on x
    Jump Crypto Just Counter-Exploited the Wormhole Hacker for $140 Million Takeaway: avoid upgradeable contracts like the plague unless you want to get hacked https://blockworks.co/...
  • @matthew_d_green Matthew Green on x
    The govt just sent a court order to the multisig owners of a smart contract and told them to upgrade the contract. Yikes yikes yikes yikes yikes. https://twitter.com/...
  • @z0r0zzz Ross on x
    This is why I don't use upgradeable contracts. The unknown unknowns of changing code multiply the risks, as seen in how a vault was seized by Oasis admins. https://twitter.com/... https://twitter.com/...
  • @dogetoshi Steven on x
    “On 21st February 2023, we received an order from the High Court of England and Wales to take all necessary steps that would result in the retrieval of certain assets involved with the wallet address associated with the Wormhole Exploit on the 2nd February 2022.” https://twitter.…
  • @jasonyanowitz Yano on x
    Savage move by Jump counter-exploiting the Wormhole hacker for $140 million Big SCOOP by the Blockworks team. https://blockworks.co/...
  • @0xngmi @0xngmi on x
    couldn't this happen to all contracts that are upgradeable? https://twitter.com/...