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Jump Crypto may sell over $40 million in ETH to recover assets from the Wormhole incident
According to Ember’s monitoring, Jump Crypto converted 11,802 stETH (about $40.5 million) into ETH within an hour and transferred it to address 0xf58, and some funds have flowed to exchanges. This batch of ETH originated from the stolen assets of Wormhole that Jump and Oasis “hacked back” in February 2023. Initially, 120,000 ETH were recovered, and about 28,000 ETH are still held.
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