- Oasis has no control over the returned assets
- The operation was carried out only in order to protect customers
DeFi platform Oasis ordered by British court returned $140 million in assets related to last year’s Wormhole Bridge breach. The company said in a statement:
“On February 21, 2023, we received a court order to take all necessary steps that will lead to the acquisition of assets related to the Wormhole exploit. Everything was done according to the requirements of the court.”
The DeFi protocol confirmed that all funds were urgently sent to a third party wallet. The firm also added that it has no control over the assets.
Asset recovery became possible after the Whitehat team contacted the team and provided a proof of concept on how this could be achieved. Oasis reports that this was only due to a previously unknown vulnerability in the administrator’s multi-signaling access design. The firm also added that the operation was carried out only to protect customers.
“If there was a threat of an attack, then it would allow us to easily eliminate any discovered vulnerability. Client funds have never been at risk of unauthorized access”
The company said it returned the funds to an “authorized third party,” which is Jump Crypto, the developer of Wormhole.
