Parity hacker moves $9 million in Ethereum, sparking renewed discussions of crypto security
that a hacker, who exploited a vulnerability in Parity's multi-signature wallet in 2017, has now moved a substantial sum of Ethereum . The hacker, responsible for the theft of 150,000 ETH, valued at $30 million at the time, has initiated the laundering of a portion of their loot, transferring 3,050 ETH, equivalent to $9 million, through the eXch platform.This marks a significant chapter in the saga, underscoring the enduring impact of cyber breaches in the digital asset realm.
🚨ALERT🚨 In 2017, a vulnerability in Parity Multisig Wallet version 1.5+ led to the theft of over 150K ETH, valued at approximately $30M USD at the time.The latest maneuver by the hacker underscores a strategic and patient approach to their illicit activities. By utilizing eXch and consolidating multiple addresses under"0x5167052b," they have successfully laundered a portion of the stolen funds.
As stakeholders assess the implications of this latest development, attention turns to broader implications for investor confidence and regulatory oversight within the crypto market. The ability of hackers to exploit weaknesses in infrastructure and maneuver substantial sums of digital assets shows the need for continued vigilance and collaboration within the industry to safeguard against such threats.
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