Parity Wallet Hacker Moves $9 Million in Ethereum, $246 Million Still Under Control

The post Parity Wallet Hacker Moves $9 Million in Ethereum, $246 Million Still Under Control appeared first on Coinpedia Fintech News

Cyver Alerts took to X, highlighting the Parity wallet hacker moved 3050 ETH worth $9 million through the eXch platform. The vulnerability in Parity’s Multisig Wallet version 1.5+ allowed the perpetrator to get away with a staggering amount of Ethereum, causing substantial financial losses. With 83,017 ETH, valued at a staggering $246.6 million, remaining untouched at the primary address, the hacker retains a sizeable sum in control. The recent activity reignites discussions on security measures in crypto space and threats in blockchain platforms.