Dormant Wallets Hit: $800K in Ethereum Drained

The post Dormant Wallets Hit: $800K in Ethereum Drained appeared first on Coinpedia Fintech News

More than 500 long-inactive Ethereum wallets were suddenly compromised, resulting in losses of around $800K. Attackers moved over 260 ETH ($600K) to a flagged address before routing 324 ETH through THORChain, suggesting an attempt to obscure funds. The exact breach method remains unclear, but experts point to exposed private keys, leaked seed phrases, or outdated wallet tools as likely causes, highlighting persistent security risks in legacy holdings.