Jump Recovers Stolen Funds
Jump Crypto, a crypto trading and investment firm, has recovered some of the funds stolen from the company. With the help of another crypto firm, they achieved this feat. Jump Crypto used DeFi project Oasis to recover about $140 million of stolen funds. Apparently, hackers had stolen about $323 million from the Jump-operated Wormhole bridge in February 2022.
This raised a lot of concern as the crypto company tried to make efforts to recover the stolen cryptocurrencies. But with the help of the DeFi project Oasis, they have recovered some of the stolen funds and are still trying to locate more of them. The hacker was trying to move some of the money into an Oasis-run smart contract to earn yield before it was intercepted. DeFi project Oasis had to upgrade the contract to redirect the funds to their wallets. This is a big step for Jump crypto, as they have struggled to locate the stolen funds.
