ZachXBT Warned: Crypto Wallets Are Being Targeted

As the new year approaches in the cryptocurrency market, security concerns are rising. On-chain researcher ZachXBT is warning investors with his statements. Hundreds of wallets across different EVM (Ethereum Virtual Machine) chains are being systematically targeted, and attacks are continuing rapidly.

According to information shared by ZachXBT on his Telegram channel, attackers are targeting many wallets with small amounts. Most victims have experienced losses of less than two thousand dollars, but this strategy is causing the total loss to rise quickly. So far, approximately $107,000 has been withdrawn from wallets. However, given that the attack continues, there is a warning that this amount could increase.

The initial entry point of the attack has not yet been identified, keeping the risk alive that other wallets may have similar vulnerabilities. ZachXBT also shared a cryptocurrency address that he believes is linked to suspicious activities with the public: 0xAc2e5153170278e24667a580baEa056ad8Bf9bFB. Experts, combining this situation with the increasing other security breaches in recent days, emphasize that the crypto ecosystem needs to be more cautious.

According to data from blockchain security firm PeckShield, approximately 26 major crypto exploits occurred in December, and the total damage from these incidents has reached about $76 million. This figure represents a decline of about 60% compared to the $194.27 million loss in November. However, this decline does not mean that security vulnerabilities have been suspended.

One notable incident in December occurred in the Trust Wallet camp. During the New Year holiday, a version of the browser extension was exposed to a significant security vulnerability, resulting in a loss of approximately $7 million. Trust Wallet CEO Eowyn Chen stated that the temporary access issue in the Chrome Web Store was due to the platform and announced that a compensation process for affected users has been initiated.

Experts say that these recent incidents reiterate the need for users to be more careful about wallet security and the versions of the applications they use.