<img src="https://crypto.news/app/uploads/2024/01/crypto-news-cryptocurrency-hack-pyramid-scheme-option04.webp” />
The hacker who stole 150,000 ethereum (eth) from Parity Multisig Wallet in 2017 began laundering the first batch of 3,050 eth.
A hacker who stole 150,000 ethereum (eth) from Parity Multisig Wallet version 1.5 in July 2017 transferred $9 million worth of eth to eXch after seven years of inactivity. According to smart contract monitoring service Cyvers Alerts, the hacker initiated the laundering of 3,050 eth, using “multiple consolidated addresses.”
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“>
Analysts added that the hacker still controls more than 83,000 eth worth around $246 million at current prices stolen in the 2017 attack. The hack, which drained 153,037 eth from three multi-signature contracts associated with the Parity Multisig Wallet in 2017 , highlighted vulnerabilities within the ethereum ecosystem.
Analysts at OpenZeppelin, a blockchain infrastructure platform, He suggested At that time the attack could have been avoided by avoiding certain coding practices, such as using the “delegatecall” function as a general forwarding mechanism.
The analysts also emphasized the importance of implementing strong coding patterns and standards within the ethereum ecosystem to mitigate such vulnerabilities. Failure to do so, the company warned, could have “disastrous consequences,” even for a seemingly “innocent” mistake.
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
