A significant security flaw was revealed in the Parity Multisig Wallet version 1.5+ back in 2017, leading to the unauthorized access and theft of over 150,000 $ETH. At that time, this amount was worth $30 million, but now, with the current price, it is valued at $442 million. Recently, the hacker has started laundering 305,000 ETH through eXch, equivalent to $9 million. They still control 830,000 ETH, valued at $246.6 million, as reported by Cyvers Alerts. This incident has once again shed light on the risks involved in storing and managing digital assets.
In a tweet by Cyvers Alerts on May 13, 2024, it was mentioned that in 2017, a vulnerability in Parity Multisig Wallet version 1.5+ resulted in the theft of more than 150,000 ETH, valued at around $30 million at that time. The hacker responsible for this theft has resurfaced after seven years, showcasing a remarkable level of patience in the world of cryptocurrency.
Instead of trying to conceal the stolen funds, the hacker is now laundering a portion of the stolen cryptocurrency. By moving 305,000 ETH worth $9 million through the eXch platform using multiple consolidated addresses, the trail becomes harder to track. Those interested in monitoring these transactions can do so via the address provided.
However, a significant amount of 830,000 ETH or approximately $246.6 million is still under the control of the perpetrator and has not been moved. This remaining quantity can be viewed through the main address provided.
The reappearance of the hacker linked to the Parity Multisig Wallet serves as a reminder of the ongoing security risks in the digital asset space. Despite efforts to address these issues, fraudsters continue to exploit vulnerabilities for their gain. It is crucial for all digital asset owners to remain vigilant and take steps to safeguard their assets effectively.