Hundreds of EVM crypto wallets were suddenly emptied of funds.

According to onchain investigator ZachXBT, hundreds of cryptocurrency wallets across multiple EVM-compatible blockchains are being drained, while the attack continues and losses are still escalating.

On Telegram, ZachXBT stated that the attackers were targeting numerous wallets with relatively small amounts of money, typically under $2,000 per victim. While the value of each attack wasn't large, the cumulative damage was significant.

As of the latest update, the total amount stolen is approximately $107,000, however ZachXBT warns that this number is likely to increase as the incident is still ongoing.

Currently, the initial entry point of the attack remains unknown, meaning there is a risk of further unauthorized withdrawals. The attacker's identity has also not been released, although ZachXBT has flagged a suspicious address in connection with the incident.

This incident occurred amidst a surge in attacks and exploits in the crypto market. In December alone, there were approximately 26 major exploits, causing total losses of around $76 million, according to blockchain security company PeckShield . However, this figure represents a decrease of about 60% compared to the $194.27 million lost in November.

One of the notable incidents last month was the attack on Trust Wallet. During the Christmas holidays, Trust Wallet experienced a security issue related to a specific version of its browser extension, resulting in the theft of approximately $7 million. The platform has now begun the process of compensating affected users.

Addressing community concerns, Trust Wallet CEO Eowyn Chen stated that the wallet extension was temporarily unavailable on the Chrome Web Store due to a platform issue during an update. The new version adds a feature allowing users to send verification codes directly from the extension, helping Trust Wallet better verify wallet ownership during claims processing.