🚨 Binance News Update: Blockchain Bandit Strikes Again 🚨

The infamous hacker known as Blockchain Bandit has resurfaced, consolidating a staggering 51,000 $ETH (worth millions) into a single wallet after nearly two years of inactivity.

💡 Key Details:

The hacker moved funds from 10 separate wallets to a multi-signature address, “0xC45…1D542,” in batches of 5,000 ETH between 8:54 pm and 9:18 pm UTC on December 30.

These stolen funds had been dormant since January 2023, when the hacker also transferred 470 $BTC .

🔍 How It Happened:

Blockchain Bandit gained notoriety by exploiting weak private keys, using a technique called “Ethercombing,” which involves brute-forcing faulty random number generators.

The hacker uncovered 732 private keys linked to 49,060 transactions, amassing nearly 45,000 $ETH through this method, as reported in 2019.

📊 The Bigger Picture:

In 2024 alone, crypto hackers stole over $2.3 billion across 165 major incidents, a 40% increase compared to 2023.

Centralized exchanges and custodians were the primary targets, with access control breaches accounting for 81% ($1.9 billion) of the stolen value.

⚠️ Stay Vigilant:

This highlights the importance of robust security practices. Use strong private keys, avoid faulty generators, and prioritize secure wallets to protect your assets.

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