Oasis Recovers Stolen Crypto Assets Worth $200 Million in Wormhole Hack
Around $200 million worth of crypto assets were retrieved from the parties responsible for the Wormhole bridge hack.
The hack was one of the largest in the industry’s history. Decentralized finance (DeFi) platform Oasis, which creates wallet software utilized by the hacker, took steps to exploit its own wallet after receiving approval from the British High Court.
According to Oasis, the High Court of England and Wales directed them to recover certain assets involved with the wallet address associated with the Wormhole Exploit on February 2nd, 2022.
Oasis used the Oasis Multisig and a court-authorized third party to execute the court order.
The retrieved assets were then transferred to a wallet controlled by the authorized third party, and Oasis has no further control or access to these assets.
The retrieved assets, according to Oasis data, totaled 3,213 RETH and 120,695 WSTETH, worth approximately $198 million at the time. The assets were transferred to wallets belonging to Jump Trading, the parent company of Wormhole.
Jump Trading, which had promised to replace the stolen assets worth around $320 million at the time of the hack, has yet to comment on the counter-exploit as of this writing.