• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Mysterious Hack Drains $10 Million from Crypto Whales and Early Crypto Investors – What’s Going On?

April 19, 2023
in Crypto News
Reading Time: 2min read
0 0
A A
0
Mysterious Hack Drains $10 Million from Crypto Whales and Early Crypto Investors – What’s Going On?
0
SHARES
7
VIEWS
ShareShareShareShareShare
Source: AdobeStock / bravissimos

A mysterious hack has drained more than $10 million worth of ETH and other tokens from a large number of crypto whales.

The theft was first reported by a developer for the popular browser-based wallet MetaMask known as Tay, who wrote on Twitter on Tuesday that “Its rekt my friends & OGs who are reasonably secure.”

“No one knows how,” Tay added.

The MetaMask developer further explained that the hack involves more than 5,000 ETH, as well as an unknown number of other tokens and NFTs on several different blockchains compatible with the Ethereum Virtual Machine (EVM).

The 5,000 ETH tokens alone are worth close to $10 million by today’s exchange rate.

As indicated by Tay in the original tweet, information on how the hack was carried out remains scarce at this point, but all of the victims appear to have in common that their wallets were created between 2014 and 2022.

“This is NOT a low-brow phishing site or a random scammer. It has NOT rekt a single noob. It ONLY rekts OGs,” Tay wrote, using an acronym for the slang term ‘original gangster’ in crypto.

The MetaMask developer explained about the hack that it has so far targeted only EVM-compatible chains, although it is not exclusive to MetaMask.

“Users of *all* wallets, even those created on a hardware wallet or generated for the Ethereum presale, have been impacted by this,” Tay wrote, while noting that hackers have always exchanged the stolen funds to bitcoin which are then sent through a coin mixer to cover any traces.

Finally, Tay urged users to spread their assets across different wallets in order to reduce the risk of losing all of their assets.

“PLEASE DON’T KEEP ALL YOUR ASSETS IN A SINGLE KEY OR SECRET PHRASE FOR YEARS,” the developer wrote.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Ethereum staking volume surpasses withdrawal volume post-Shapella upgrade

Next Post

Meme Coins Are the Best Cryptos To Invest in for 50x Gains Next Altcoin Season

Next Post
Meme Coins Are the Best Cryptos To Invest in for 50x Gains Next Altcoin Season

Meme Coins Are the Best Cryptos To Invest in for 50x Gains Next Altcoin Season

You might also like

LG Electronics Pilots Onchain Advertising Network On Arbitrum

LG Electronics Pilots Onchain Advertising Network On Arbitrum

June 13, 2026
Coinbase Bends to Pressure – Finally Lists Rival Binance’s BNB Amid Listing Drama

Bitcoin Price Prediction: Not Just ETFs, Corporate BTC Buying Spree Has Collapsed

June 11, 2026
CGV Leads Expansion in Bitcoin Wallet Sector with UniSat Investment

Google DeepMind Offers $10M for Multi-Agent AI Safety Research

June 11, 2026
Bitmine Nears 5% Ethereum Ownership Milestone with Massive 5.54M ETH Treasury

Bitmine Nears 5% Ethereum Ownership Milestone with Massive 5.54M ETH Treasury

June 15, 2026
Why A Surge to $3,400 Could Be The Beginning

Ethereum Research Proposal Targets Post-Quantum Wallet Security At Low Gas Cost

June 16, 2026
Bitcoin Price Prediction: Nears $111K as Musk Backs BTC, Metaplanet’s $3.5B Bet Faces Test

Citi Launches Crypto Platform to Tokenize Private Company Shares

June 11, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Why A Surge to $3,400 Could Be The Beginning

Ethereum Research Proposal Targets Post-Quantum Wallet Security At Low Gas Cost

June 16, 2026
Bitcoin Stabilizes Near Key Zone, But Glassnode Warns Capital Flows Remain Weak

Bitcoin Stabilizes Near Key Zone, But Glassnode Warns Capital Flows Remain Weak

June 16, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.