ZachXBT Warned: Crypto Wallets are Being Targeted

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

According to the information shared by ZachXBT on his Telegram channel, attackers are targeting many wallets with small amounts to carry out transactions. Although most victims have suffered losses of under two thousand dollars, this strategy is causing the total loss to increase rapidly. So far, approximately $107,000 has been withdrawn from the wallets. However, with the attack still ongoing, a warning is issued that this figure may rise.

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

According to data from blockchain security company PeckShield, approximately 26 major crypto exploits occurred in December, with the total damage from these incidents reaching $76 million. This figure represents a nearly 60% decrease compared to the $194.27 million loss in November. However, this decline does not imply that security vulnerabilities can be overlooked.

One notable incident in December occurred with Trust Wallet. 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 issues on the Chrome Web Store were platform-related and announced that a compensation process for affected users would be initiated.

Experts believe that these recent events reiterate the need for users to be more cautious about the security of their wallets and the versions of the applications they use.