Oasis recovered $140m of stolen Wormhole funds with help of whitehat hackers

Feb. 25, 2023 at 3:00 am

By Mike Dalton

Oasis exploited a vulnerability in its own admin multisig to regain those funds.

Oasis Network worked with a whitehat hacking group to retrieve funds stolen from Wormhole, according to a post from the former project on Feb. 24.

On Feb. 2, Solana’s Wormhole bridge was exploited for a sum of cryptocurrency now estimated at $326 million. The attacker later moved a portion of those funds.

Oasis, a DeFi platform and exchange that the attacker relied upon during one step of the attack, soon became involved in the recovery effort.

Oasis disclosed today that, on Feb. 21, it received an order from the High Court of England and Wales requiring it to take steps to retrieve certain stolen assets.

To do so, Oasis chose to work with a whitehat hacking group that had previously proposed a way to retrieve the stolen assets on Feb. 16. The two groups executed the strategy on Tuesday and sent the recovered assets to a court-authorized third party.

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