Ethereum: nearly a million dollars in cryptocurrencies disappeared during a new hack

A wallet on the Ethereum blockchain has been siphoned off by a hacker. The attacker exploited a recently identified security flaw. The funds of many investors are likely in great danger.

A hacker has taken over $950,000 in Ether (ETH) by siphoning a wallet digital, report our colleagues from The Block. The attack was spotted by PeckShield, a company specializing in computer security. The operation took place on Sunday, September 25, 2022.

At the end of the attack, the pirate disappeared with a loot of 732 ETH. The stolen funds were transferred to Tornado Cash, a famous cryptocurrency mixing service. It allows cybercriminals to cover their tracks by making all digital currency transactions anonymous. After passing through a mixer, the authorities are theoretically no longer able to track stolen cryptocurrencies. After being mixed with other tokens, the cryptocurrencies were withdrawn to an unknown digital wallet belonging to the perpetrator, according to PeckShield.

Read also: how 44 crypto platforms were allegedly compromised by malicious code

A flaw already exploited by hackers

The hacker behind the attack exploited a flaw identified within Profanity, a custom address generator on the Ethereum blockchain. By exploiting this vulnerability, it is possible to deduce the private key of a wallet only with the address on the blockchain. In the end, all it takes is a simple brute force attack to take complete control of an Ethereum wallet.

As a reminder, the Profanity flaw has already allowed cybercriminals to seize money stored on Wintermute, a “market maker” or cryptocurrency market maker. Pirates have indeed managed to steal $160 million in crypto-assets thanks to the breach.

A few weeks earlier, investors lost more than $3.3 million because of vulnerability. It is likely that many Ether holders are also affected by this security flaw. Other hacks could therefore quickly be orchestrated. Users who used Profanity to generate their Ethereum address are advised to urgently transfer all their assets to a new wallet.

This new hack adds to the many hacks recorded since January 2022. As analytics firm Chainalysis reports, hacks are getting more and more lucrative. Between January and June 2022, hackers earned $700 million more than the previous year. Among the most notable hacks is the theft of 8,000 wallets on the blockchain Solana.

Source :

The Block



We want to say thanks to the author of this short article for this outstanding web content

Ethereum: nearly a million dollars in cryptocurrencies disappeared during a new hack


Find here our social media profiles , as well as other pages that are related to them.https://metfabtech.com/related-pages/