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Post: Significant Oversight in Wormhole Airdrop Raises Concerns in Cryptocurrency Community

Significant Oversight in Wormhole Airdrop Raises Concerns in Cryptocurrency Community

Key Points

  • The hacker behind the $320 million exploit of the Wormhole bridge was initially eligible for a $50,000 airdrop in W tokens.
  • Pseudonymous researcher Pland stated that the Wormhole team had overlooked excluding certain wallet addresses linked to the exploit.
  • Four wallet addresses were identified as being able to claim the Wormhole airdrop due to this oversight.

Initial Eligibility for Airdrop

The hacker responsible for the significant exploit of the Wormhole bridge could have received $50,000 through an airdrop in W tokens, as they were initially considered eligible.

Oversight in Address Exclusion

Researcher Pland pointed out that the Wormhole team had failed to exclude specific wallet addresses related to the exploit, leading to the hacker being able to participate in claiming the airdrop.

Impact of Oversight

Due to this oversight, four wallet addresses linked to the hacking incident were briefly able to access the Wormhole airdrop, highlighting a flaw in the process that allowed the hacker a potential financial gain.

Hot Take

This incident underscores the importance of thorough due diligence and oversight in cryptocurrency projects, particularly in implementing airdrops and ensuring the exclusion of addresses tied to illicit activities. It also emphasizes the ongoing need for heightened security measures in the crypto space to prevent exploitation and unauthorized access to rewards.

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