ZachXBT Reports EVM Hack Affecting Hundreds of Wallets

Less than 24 hours into the new year, on-chain sleuth ZachXBT has reported what appears to be the year's first crypto exploit, which has affected hundreds of wallets.

ZachXBT shared the findings yesterday evening via Telegram, reporting that a total of $107,000 had been drained from across 20 different Ethereum Virtual Machine (EVM) networks, with each exploited wallet holding less than $2,000. According to deBank, the exploiters' receiving address peaked at $109,000 before funds were transferred again.

Exploiter wallet balance: Source: deBank

A majority of the exploited funds were taken from Ethereum, with $55,000 taken from wallets with ETH balances. BNB Smart Chain (BSC) was home to the second largest number of victims, with a little over $25,000 drained.

The hack is ongoing, with the wallet receiving between $0.02 and $2 from different sources at a sporadic but high frequency.

Currently, the wallet holds just $7,000 worth of assets, with a majority still concentrated on Ethereum and BNB Smart Chain.

Last weekend, the blockchain developed by the team behind CryptoKitties and NBA Top Shot was exploited for nearly $4 million, sending its token down 40%.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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