Hacker steals $3.3 million using Profanity’s vanity Ethereum addresses
Since the crypto industry expanded its growth, it has become the favorite place for hackers to commit exploits. The Ethereum vanity addresses generated via the Profanity tool have now become the latest loophole to dupe millions of crypto users. As per the market insights provider firm, Etherscan, Ethereum custom addresses created via the Profanity tool […]
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The hacker stole 732 ETH worth about $950,000 and sent it to the sanctioned Tornado Cash mixer. Hacks and exploits continue to plague the decentralized finance (DeFi) sector as another vanity wallet address joins the roster of DeFi victims, which, collectively, have lost more than $1.6 billion in 2022. In an alert published by blockchain security firm PeckShield, a hacker was detected after stealing 732 Ether (ETH), around $950,000, from an address created at the Ethereum vanity wallet address generator called Profanity. After draining the wallet, the exploiters sent the crypto to the....
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1Inch's investigations pointed out the ambiguity in the creation of vanity addresses, suggesting that Profanity wallets were secretly hacked. Decentralized exchange aggregator 1inch Network issued a warning to crypto investors after identifying a vulnerability in Profanity, an Ethereum (ETH) vanity address generating tool. Despite the proactive warning, apparently, hackers were able to make away with $3.3 million worth of cryptocurrencies.On Sept. 15, 1Inch revealed the lack of safety in using Profanity as it used a random 32-bit vector to seed 256-bit private keys. Further investigations....
Around 1:00 PM UTC, the official Twitter handle for Poly Network reported an attack on their platform resulting in one of the worst attacks on DeFi since its inception. The hacker managed to transfer over $600 million in assets to Polygon, Ethereum, and Binance Smart Chain (BSC) addresses. According to their website, PolyNetwork is a […]