Cross-chain protocol Wormhole W
-21.30%
‘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.
About four addresses involved in the hack were allocated more than 31,600 W tokens, worth about $38,000.
Although the tokens were initially allocated to these addresses, they have now been removed from allocation, according to a source familiar with the situation.
The adresses belonged to the hacker who siphoned 120,000 ETH from the Interoperability Protocol in 2022. The hacked amount, worth approximately $323 million at the time, made the exploit one of the largest hacks in the history of decentralized finance.
Worhole’s airdrop event, which has since gained significant attention in the crypto community first announcementhas traded $1.25 billion worth of W token since the start of the event facts from CoinGecko.
The price of W token, which rose to $1.66, continued to fluctuate throughout the day. It currently stands at $1.21 as of publication.
About the author
Danny Park is an East Asian reporter at The Block who writes about topics such as Web3 developments and crypto regulations in the region. He was formerly a reporter at Forkast.News, where he actively covered the demise of Terra-Luna and FTX. Based in Seoul, Danny has previously written and produced video content for media companies in Korea, Hong Kong and China. He holds a bachelor’s degree in journalism and business marketing from the University of Hong Kong.
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