todayonchain.com

Hundreds of Wallets Drained on EVM Chains With No Root Cause, ZachXBT Warns — $107K Lost So Far and Counting

CCN
Hundreds of crypto wallets on EVM chains are being drained in an ongoing attack with no identified root cause, totaling over $107,000 lost.

Summary

Blockchain investigator ZachXBT has warned that hundreds of crypto wallets across various EVM-compatible chains are being drained in a coordinated attack where the root cause remains unidentified. The losses total approximately $107,000 so far, with individual victim losses being small (typically under $2,000), possibly to evade early detection. ZachXBT flagged a suspicious address potentially linked to the activity. This incident follows a separate Christmas-period security issue where Trust Wallet Browser Extension version 2.68 was implicated in unauthorized withdrawals, which Trust Wallet later confirmed. The article also briefly mentions the November Balancer exploit, which resulted in nearly $117 million in losses due to a faulty access control check in its V2 smart contracts. These recent events underscore persistent security risks in the EVM ecosystem, even as researchers like Ethereum Foundation's Justin Drake propose long-term hardening initiatives like "Lean Ethereum," which aims to incorporate quantum-resistant cryptography and scalability improvements.

(Source:CCN)