Jump Crypto, a Web3 infrastructure provider, and Oasis.app, a decentralized finance (DeFi) platform, have carried out a “counter exploit” on the Wormhole protocol hacker. As a result, the pair has reclaimed $225 million worth of digital assets and moved them to a secure wallet.
The Wormhole hack took place in February 2022 and resulted in the theft of around $321 million worth of wrapped Ethereum (wETH) by exploiting a weakness in the token bridge of the protocol.
Since then, the hacker has transferred the stolen assets using a number of Ethereum-based decentralized services (DApps), such as Oasis, which has recently opened up vaults for wrapped stETH (wstETH) and Rocket Pool ETH (RETH).
The Oasis.app team confirmed the existence of a counter exploit in a blog post that was published on February 24. The post explained that the team had “received an order from the High Court of England and Wales” to retrieve certain assets that were associated with the “address associated with the…