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 on various EVM (Ethereum Virtual Machine) chains are being systematically targeted, and attacks are rapidly continuing.

According to information shared by ZachXBT on his Telegram channel, attackers are targeting multiple wallets with small amounts. Although most victims have experienced losses under two thousand dollars, this strategy is rapidly increasing the total loss. So far, around $107,000 has been withdrawn from the wallets. However, considering the ongoing nature of the attacks, warnings are being made that this figure could increase.

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

According to data from blockchain security firm PeckShield, approximately 26 major crypto exploits occurred in December, and the total loss from these incidents reached $76 million. This figure represents a roughly 60% decrease compared to the $194.27 million loss in November. However, this decrease does not imply that security vulnerabilities can be ignored.

One of the notable incidents 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 issue in the Chrome Web Store was platform-related and announced that a compensation process had been initiated for affected users.

According to experts, these recent events underscore the necessity for users to be more cautious regarding their wallet security and the versions of the applications they use.