Join the larget crypto conference of 2022 in Bitcoin

A hacker drains more than $2.1M from Ethereum ‘vanity addresses’

0
(0)
Cryptopia Account hacked

A hacker drained a huge amount of funds from several ETH vanity addresses, which were generated by the victims with the Profanity tool.

Profanity is a tool, which helps ETH lovers to create ETH addresses with unique identities. Here we can compare vanity addresses with attractive mobile numbers or vehicle numbers, for which people pay a huge amount of extra money. Around a year ago, the development work on the Profanity was stopped by the backend team, as per the information shared by an anonymous developer of this ETH vanity addresses generator tool.

On 15 September, A popular decentralized exchange 1inch published a blog post to warn people about the risks associated with vanity addresses and also mentioned Profanity. In short, the exchange warned the ETH Profanity vanity addresses generated users to transfer funds to a safe address.

1inch said:

“Your money is NOT SAFU if your wallet address was generated with the Profanity tool. Transfer all of your assets to a different wallet ASAP.”

On 17 September, ZachXBT, a blockchain analytic platform, reported that a hacker(s) successfully drained around $3.3 million worth of crypto assets from the vanity addresses, which were created with the Profanity tool.

Further ZachXBT informed that around $1.2 million worth of crypto assets out of $3.3 million was saved by a real owner because of the detected hack information shared by ZachXBT.

Here, we would like to suggest to all the crypto investors not to show off in friend circles or publicly on behalf of third-party crypto services because it can cause huge fund loss. 

If any Bitcoinik.com reader is interested to know about Vanity addresses then visit here

 Read also: Terra case prosecutors say “Do Kwon is obviously on the run”

A hacker drains more than $2.1M from Ethereum ‘vanity addresses’

 

https://bitcoinik.com/a-hacker-drains-more-than-2-1m-from-ethereum-vanity-addresses/feed/

https://bitcoinik.com/a-hacker-drains-more-than-2-1m-from-ethereum-vanity-addresses/feed/

 

 

 

 

 

Ads by Cryptonews24

OKX - Moon Trade

Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!

How does it work?

  • Select Trade in the main menu, then select Trading bot.
  • Select a spot trading pair from the Trading bot menu.
  • Select Moon Grid from the listed strategies.
  • Enter the amount you want the bot to trade and click Create.
  • Your bot will then be live.
  • To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.

 

Trade with Moon Grid now
 

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.


TELEGRAM
Cryptonews24 Channel Chat