Stolen funds are traced back to wallets created between 20. Heavily implied by the on-chain behavior is that the culprit may be a private key compromise, likely due to the unintentionally insecure storage of the user’s secret recovery phrase.

Private Key Compromise Suspected in Crypto Wallet Theft, Says Monahan By following best practices such as using strong passwords, enabling two-factor authentication, and regularly checking for updates, users can help protect themselves from this exploit. It is important for users to be aware of the risks and take steps to protect their funds. The exploit is still unidentified, but it is believed to be targeting users of MetaMask and other crypto wallets. MetaMask has warned users that they are at risk and urged them to take extra precautions to protect their funds. The exploit is not just affecting new users, but also the “OGs” who prioritize security. MetaMask Warns ‘OG’ Users of Targeted ExploitĬrypto users are being targeted by an “unidentified exploit”, according to MetaMask, a popular crypto wallet. The attack has caught the attention of prominent developers such as Taylor Monahan, former CEO and founder of Ethereum wallet manager M圜rypto. Crypto users and experienced traders are being put through a grueling test as a mysterious exploit drains hardware wallet funds of more than 5,000 Ether valued at more than $10.5 million since December 2022.

Etherwallet key cracker