Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12422
Markets: 95964
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12422
Cryptocurrencies
55.62%
Bitcoin Share
Crypto Potato 2024-12-31 20:10:37

Notorious ‘Blockchain Bandit’ Resurfaces, Moves 51,000 ETH in Largest Fund Transfer

Notorious ‘Blockchain Bandit’ Resurfaces, Moves 51,000 ETH in Largest Fund Transfer

After a brief hiatus, the notorious “Blockchain Bandit” has re-emerged as the year ends, consolidating a staggering 51,000 ETH, valued at approximately $172 million, into a single multisig wallet. This transfer was made on December 30. “Blockchain Bandit” Returns In the latest update , prominent blockchain investigator ZachXBT revealed that the consolidation originated from 10 wallets, which have been dormant for almost two years, with the last activity being flagged in January 2023. Alongside the Ether transfer, 470 BTC were also moved. The Blockchain Bandit earned infamy between 2016 and 2018 through an insidious technique called “ Ethercombing .” By exploiting cryptographic vulnerabilities, the attacker systematically guessed weak private keys, which were often generated by faulty random number algorithms or misconfigured wallets. This method allowed the malicious entity to steal more than 45,000 ETH across 49,060 transactions by compromising 732 private keys. While brute-forcing private keys is generally deemed improbable due to their vast numerical range, the Bandit capitalized on predictable flaws such as non-random key generation and poorly implemented recovery phrases. Cybersecurity analysts suggest that state-sponsored actors, possibly North Korean hacker groups, could be behind the attacks, noting parallels with other large-scale crypto thefts. Such groups are known to target cryptocurrency platforms to fund illicit operations, including weapons programs. The Bandit’s recent activity – coupled with the use of multi-signature wallets – signals preparations for potentially laundering the funds through mixers or decentralized exchanges to obscure their origins. From Fake Meetings to Seed Phrase Traps This attacker’s resurgence comes amid a wider uptick in crypto cybercrime as fraudsters develop new strategies to ensnare unsuspecting targets. Earlier this month, hackers were reported to have exploited fake Zoom meeting links to target crypto users and steal sensitive credentials as well as digital assets. SlowMist traced the malware’s code to Russian-linked operatives, revealing over $1 million converted to ETH. Another scam targeted opportunistic thieves by sharing seed phrases of fake crypto wallets. Once accessed, the wallets demand TRX for transaction fees, rerouting funds to scammers instead. Kaspersky warns that this scheme, disguised as a beginner’s mistake, manipulates thieves into becoming victims of their own greed. The post Notorious ‘Blockchain Bandit’ Resurfaces, Moves 51,000 ETH in Largest Fund Transfer appeared first on CryptoPotato .

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
55.62%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.