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
Related Coverage
- Statement Regarding The Transactions From The Oasis Multisig on 21st Feb 2023 Oasis Blog · Chris
- Jump crypto & Oasis successfully reclaim over $225 Million Stolen in Wormhole Hack Cryptopolitan · Lacton Muriuki
- Four top cryptocurrency stories from the past week The Block · Vishal Chawla
- Jump Crypto and Oasis.app ‘counter exploits’ Wormhole hacker for $225M Cointelegraph · Brian Quarmby
- Wormhole Bridge Exploit: $140M Worth Stolen Assets Recovered CryptoPotato · Chayanika Deka
- Oasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack CoinDesk
- Jump Crypto and Oasis recover 120k ETH from Wormhole exploit crypto.news · Samuel Mbaki Wanjiku
- How These Whitehat Hackers Helped Oasis Network Get Back $140 Million In Stolen Crypto Bitcoinist.com · Christian Encila
- Jump Crypto Trading Firm Strikes Back: Recovers $140 Million Stolen Crypto from Wormhole Hack - Here's What Happened Cryptonews · Ruholamin Haqshanas
- Oasis recovered $140m of stolen Wormhole funds with help of whitehat hackers CryptoSlate · Mike Dalton
- Call an ambulance, but not for me — There have recently been two high-profile cases … BowTiedPickle's Pickle Jar
- Jump crypto & Oasis recover over $225 million stolen in Wormhole hack via court authorized counter-exploit DataBreaches.net
- Per a court order, Oasis rewrites the rules for Jump Crypto to recover stolen assets Web3 is Going Just Great
- The Power of NFTs in Art CK News and Updates News Letter · Born Bored
Discussion
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@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
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@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…
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@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
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@bitfinexed
@bitfinexed
on x
Coming soon to crypto, whether you like it or not. https://twitter.com/... https://twitter.com/...
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@ledgerstatus
@ledgerstatus
on x
Is this what immutability looks like? https://twitter.com/...
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@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/...
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@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/...
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@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/...
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@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/...
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@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/...
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@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/...
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@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/...
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@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/...
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@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.…
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@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/...
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@0xngmi
@0xngmi
on x
couldn't this happen to all contracts that are upgradeable? https://twitter.com/...