On December 30, the Blockchain Bandit transferred 51,000 ETH from 10 dormant wallets inactive for two years. This bold move, totaling 172 million USD, highlights critical vulnerabilities in the crypto space and points to potential laundering tactics.
Cybersecurity experts suspect state-sponsored actors, including North Korean hackers, may be behind recent attacks. Their tactics reveal a growing sophistication in stealing assets and potentially funding illicit activities, such as weapons programs.
The increase in crypto-related cybercrime is concerning, with new scams emerging daily. Criminals exploit fake Zoom meetings and flawed wallet security, impacting victims significantly, as demonstrated by over 1 million USD converted to ETH through scams.