A Number Of Cryptocurrency Wallets Have Been Extracted For Unclear Reasons

On the afternoon of April 18, the crypto community on Twitter erupted after learning that a number of cryptocurrency wallets had been strangely withdrawn.

The Twitter account “Tay” revealed this information. (a member involved in building the MetaMask wallet). “In the last 48 hours, I’ve seen a lot of crypto wallets being drained,” he says. I’m not sure how significant this is, but 5,000 ETH has been stolen since December 2022, including tokens, NFTs, and platform coins on more than 11 distinct blockchains. Nobody knows what the cause is yet.”

This account also states that there is no evidence of being associated with phishing sites. Worryingly, the hacked addresses are all OGs (ancient wallets) rather than newly constructed wallets that have recently entered the market.

For the past 48hrs I’ve been unwinding a massive wallet draining operation ??

I don’t know how big it is but since Dec 2022 it’s drained 5000+ ETH and ??? in tokens / NFTs / coins across 11+ chains.

Its rekt my friends & OGs who are reasonably secure.

No one knows how. pic.twitter.com/MafntG7RkP

— Tay ? ? (@tayvano_) April 18, 2023

Furthermore, some common characteristics of these compromised accounts include:

The key is valid from 2014 until 2022, and there is a lot of activity in the cryptocurrency market, with many accounts. “My current guess is that it’s because some people saved a big amount of cache data from a year ago in order to find the key – the key to the wallet. But this is only a conjecture; I have no idea. This is not a tale about cryptography. Don’t squander your time.”

Hackers are frequently active between 10 a.m. and 4 p.m. (UTC time). Then, between 4 p.m. and 10 p.m., there will be dusting activity. (UTC). The hacker will actively switch to ETH in the victim’s cryptocurrency wallet and then perform the extraction operation with a significant amount of tokens.

Staking positions, NFTs, and lesser-known tokens will not be inspected by hackers because they have not yet been retrieved. There is currently no precise information about the attack’s cause and approach. As a result, the Tay account recommends that users spread assets in a dispersed manner to prevent undesirable risks.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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