ZachXBT Warning: Crypto Wallets Are Being Targeted

As the new year approaches in the cryptocurrency market, security concerns are on the rise. Onchain researcher ZachXBT warns investors through his statements. Hundreds of wallets on different EVM (Ethereum Virtual Machine) chains are being systematically targeted, and the attacks are rapidly continuing.

According to information shared by ZachXBT on his Telegram channel, attackers are targeting multiple wallets with small amounts for transactions. Although most victims have experienced losses 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 So far, approximately $107,000 has been withdrawn from the wallets.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, given that the attack is ongoing, there are warnings 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 crypto address he believes to be connected 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 cautious.

According to data from blockchain security company PeckShield, approximately 26 major crypto exploits occurred in December, and the total losses from these incidents reached around $76 million. This figure shows a decrease of about 60% compared to the $194.27 million loss in November. However, this drop does not mean that security vulnerabilities can be set aside.

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

Experts say that these recent events once again highlight the need for users to be more cautious about wallet security and the versions of the applications they use.