After nearly two years of inactivity, a hacker often called the “Blockchain Bandit” has shifted 51,000 Ethereum
$3,338.69
, value $172 million, right into a single pockets.
The hacker gained notoriety for stealing Ethereum by exploiting weak personal keys. The funds, beforehand unfold throughout 10 wallets, have been consolidated into an tackle labeled “0xC45…1D542”.
Earlier than Blockchain Bandit mixed the stolen Ethereum, the funds had been idle in these wallets since January 2023. On the identical day in 2023, the hacker additionally transferred 470 Bitcoin
$92,454.90
.
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Blockchain investigator ZachXBT shared the small print in a December 30 Telegram publish. The transfers, sometimes in batches of 5,000 Ethereum, occurred between 8:54 PM and 9:18 PM UTC.
The Blockchain Bandit’s actions date again to 2016, with the foremost thefts occurring in 2018, as famous in ZachXBT’s evaluation.
In April 2019, the hacker efficiently guessed 732 personal keys, which enabled entry to 49,060 transactions, and stole practically 45,000 Ethereum. This strategy, referred to as “Ethercombing”, depends on scanning for vulnerabilities like defective code and poorly generated random numbers.
The true identification of the Blockchain Bandit stays a thriller. Adrian Bednarek, a senior safety skilled, beforehand speculated that the hacker may very well be linked to a state actor, reminiscent of North Korea, however no proof confirms this principle.
In the meantime, ZachXBT reported that hackers stole $5.36 million from round 40 LastPass customers on December 17. How did they pull it off? Learn the total story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Conflict II period.With near a decade of expertise within the FinTech business, Aaron understands all the largest points and struggles that crypto fans face. He’s a passionate analyst who is worried with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to individual for every thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to rework the area as we all know it, and make it extra approachable to finish rookies.Aaron has been quoted by a number of established retailers, and is a broadcast creator himself. Even throughout his free time, he enjoys researching the market developments, and searching for the following supernova.
