Saturday, June 7, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

2016 hacker Blockchain Bandit resurfaces shifting $172 million in Ethereum to new wallets

December 31, 2024
in Ethereum
Reading Time: 2 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on TwitterShare on E Mail


The Blockchain Bandit, a hacker notorious for exploiting vulnerabilities in Ethereum wallets, has reappeared, consolidating stolen belongings after years of inactivity.

On Dec. 30, blockchain investigator ZachXBT reported that the hacker moved 51,000 ETH, price roughly $172 million, right into a single pockets.

These funds had been transferred from ten beforehand inactive wallets, marking the hacker’s first important exercise in years.

The Blockchain Bandit

The Blockchain Bandit earned notoriety by exploiting weak non-public keys on the Ethereum blockchain. This system concerned focusing on wallets with insecure keys, usually set to easy sequences like “1,” “2,” or “3.” These vulnerabilities allowed the hacker to siphon crypto from unsuspecting customers.

The dimensions of those exploits first got here to mild in 2019 when safety researcher Adrian Bednarek found the difficulty throughout a routine investigation.

He recognized lots of of wallets utilizing dangerously weak keys, revealing the hacker’s systematic technique of scanning for such vulnerabilities. This method, referred to as “Ethercombing,” enabled automated theft from compromised wallets.

Over two years, the hacker breached 732 non-public keys and performed almost 49,000 transactions. Their exercise peaked between 2016 and 2018, with over 45,000 ETH stolen in simply eight months.

Following this spree, the hacker’s wallets remained untouched—till now.

The reappearance of the Blockchain Bandit highlights the persistent safety challenges throughout the crypto ecosystem.

Regardless of developments in pockets know-how, Web3 researcher Pix famous that a number of crypto customers are nonetheless susceptible to related assaults due to weak key turbines, poor pockets practices, and the potential of human error. The researcher added:

“The Bandit’s playbook isn’t outdated — it’s a warning.”

Furthermore, the Blockchain Bandit return additionally illuminates a broader development of rising crypto thefts. This 12 months, crypto losses reached $2.3 billion, a 21% enhance from the earlier 12 months. Notably, North Korea-linked cybercriminals accounted for $1.34 billion of those losses.



Source link

Tags: BanditBlockchainEthereumhackermillionresurfacesshiftingwallets
Previous Post

Montenegro Extradites Do Kwon to the US, Prioritizing Fraud Charges

Next Post

BitDegree Unveils New OneKey Crypto Protection Mission

Related Posts

Trump–Musk feud becomes memecoin meta, leads to surge in trading volume
Ethereum

Trump–Musk feud becomes memecoin meta, leads to surge in trading volume

June 7, 2025
Ethereum’s Impending Breakout From Key Chart Pattern Teases A Major Rally To $12,000
Ethereum

Ethereum’s Impending Breakout From Key Chart Pattern Teases A Major Rally To $12,000

June 6, 2025
Hong Kong readying to legalize Bitcoin and crypto derivatives in push for Web3 leadership
Ethereum

Hong Kong readying to legalize Bitcoin and crypto derivatives in push for Web3 leadership

June 5, 2025
Ethereum and XRP steals spotlight in daily gains after Bitcoin reclaimed $106k
Ethereum

Ethereum and XRP steals spotlight in daily gains after Bitcoin reclaimed $106k

June 4, 2025
Ethereum Foundation Treasury Policy | Ethereum Foundation Blog
Ethereum

Ethereum Foundation Treasury Policy | Ethereum Foundation Blog

June 5, 2025
Enterprise Ethereum Alliance Accelerates Strategic Vision with New Leadership and Board Appointments – Enterprise Ethereum Alliance
Ethereum

Enterprise Ethereum Alliance Accelerates Strategic Vision with New Leadership and Board Appointments – Enterprise Ethereum Alliance

June 4, 2025
Next Post
BitDegree Unveils New OneKey Crypto Protection Mission

BitDegree Unveils New OneKey Crypto Protection Mission

User Error Sees $500,000 Pudgy Penguins NFT Trade Loss

User Error Sees $500,000 Pudgy Penguins NFT Trade Loss

A Revolution in Tech and Business

A Revolution in Tech and Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In