Wallets connected to the notorious 'Blockchain Bandit' attacker have reportedly become active after a long period of dormancy. The attacker consolidated 51,000 ETH valued at over $172 million from 10 wallets into a single multi-sig wallet. These wallets had not been active since 2018, indicating the attacker's decision to access the funds after five years. The Blockchain Bandit gained notoriety in 2018 for exploiting weak private keys on the Ethereum blockchain to steal cryptocurrency. By guessing vulnerable keys and using automated scripts, the attacker managed to steal over 50,000 ETH from thousands of wallets. The recent consolidation of stolen funds could suggest preparations for significant transactions, liquidation, or financing future exploits. This development raises concerns within the crypto community, especially considering the increasing number of attacks in the industry. It is essential for readers to verify information independently before acting on it. Read more AI-generated news on: https://app.chaingpt.org/news

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