ZachXBT warns of an ongoing wallet mining operation with losses exceeding $107,000.

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An ongoing security breach has resulted in hundreds of cryptocurrency wallets being emptied, with total losses reaching approximately $107,000, and this figure continues to rise as investigators try to determine the cause.

This vulnerability, discovered by blockchain investigator ZachXBT, highlights the risks that digital asset owners have always faced in the crypto industry.

Exploitation of the vulnerability is underway, withdrawing small amounts from hundreds of crypto wallets.

This attack targeted cryptocurrency wallets across multiple blockchains compatible with the Ethereum Virtual Machine (EVM), siphoning small amounts from each victim. According to ZachXBT's investigation , the affected wallets all lost less than $2,000.

Investigators have also identified a suspicious wallet address: 0xAc2e5153170278e24667a580baEa056ad8Bf9bFB.

"It appears that hundreds of cryptocurrency wallets are currently being withdrawn from multiple EVM chain in small amounts."

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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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