Token

Wormhole

Cross-chain cryptocurrency protocol Wormhole allocated tokens to wallets associated with the 2022 hack during its latest airdrop event before backtracking. The protocol's W token dropped 20.65% amid the unfolding situation.
An anonymous crypto user known as Pland on X pointed out that Wormhole overlooked excluding the hacker from the airdrop. This oversight led to the allocation of more than 31,600 W tokens, worth approximately $38,000, to approximately four addresses linked to the hack.
Related News: <a href="https://en.bitcoinsistemi.com/binance-decides-to-remove-a-popular-feature-despite-criticism/" target="_blank" rel="noopener noreferrer nofollow">Binance Decides to Remove a Popular Feature Despite Criticism</a>
However, according to a source familiar with the matter, these tokens were removed from the airdrop distribution following the backlash. The addresses in question belonged to the hacker responsible for the theft of 120,000 ETH via Wormhole in 2022. The stolen amount, which was worth approximately $323 million at that time, recorded this attack as one of the largest attacks in the history of decentralized finance.
Despite the initial glitch, Wormhole's airdrop event attracted a lot of attention in the crypto community. According to Coinmarketcap data, the W token has a market value of $2.1 billion at the time of writing.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/top-airdrop-altcoin-of-the-last-days-accidentally-distributed-token-to-its-hacker-price-plummeted-as-news-spread/" rel="noopener noreferrer nofollow">Top Airdrop Altcoin of the Last Days Accidentally Distributed Token to Its Hacker: Price Plummeted as News Spread</a>

Top Airdrop Altcoin of the Last Days Accidentally Distributed Token to Its Hacker: Price Plummeted as News Spread

Bitcoin Sistemi EN

Other articles published on Apr 4, 2024

Why Hump (HUMP), Dogecoin (DOGE), and Dogwifhat (WIF) Are Pumping While Other Meme Coins Slip

Binance Coin (BNB) Price Levels Investors Should Watch

Binance-Nigeria feud takes a dramatic [and hilarious] turn

Analysts Predict These Cryptocurrencies for High Growth Potential in Q2 2024

Bitgert Price Prediction: Will BRISE Touch $1 In 2024?

Global Gamer’s Eyes Peeled on Bullish Social-Fi Coin, New Challenger To Pepe and Bonk?

Join our free newsletter for daily crypto updates!