Wormhole initially included its own hacker in 670 million token airdrop
Quick Take In its latest airdrop event, Wormhole initially allocated tokens to wallet addresses that belonged to the exploiter behind its previous hack. The project has now revoked the allocation, according to a source.
Cross-chain protocol Wormhole W -21.26% initially allocated tokens to wallets that belong to one or more hackers from its 2022 exploit during its latest airdrop event.
“Wormhole forgot to exclude the exploiter from the airdrop,” noted a pseudonymous crypto user called Pland on X, pointing to addresses confirmed on the project's eligibility checker.
Around four addresses associated with the hack were allocated over 31,600 W tokens, worth around $38,000 .
While the tokens were initially allocated to these addresses, they have now been removed from the allocation, according to a source familiar with the situation.
The addresses belonged to the hacker that siphoned 120,000 ETH from the interoperability protocol in 2022. The hacked amount, worth around $323 million at the time, made the exploit one of the largest hacks in decentralized finance history.
Wormhole’s airdrop event, which gained considerable traction in the crypto community since the initial announcement , has seen $1.25 billion worth of its W token traded since the event began, according to data from CoinGecko.
W token’s price, which rose as high as $1.66, continued to fluctuate throughout the day. It currently stands at $1.21 as of publication time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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