Hacker Steals $950,000 From Crypto Vanity Address As Exploits Continue

A developer obtained $950,000 worth of Ether from a crypto wallet using a similar Vanity address exploit linked to last week’s attack on the Wintermute exchange.

In September, the developer received 732 ETH. 25 and sent it directly to Cyclone Money for authorized management of the cryptocurrency combination, referring to the information about the PeckShield chain. It is combined with other digital currencies and transferred to the developer’s wallet. This adventure was made possible by a new Vanity Address bug found on GitHub in January, although it was generally recognized by DEX Aggregator 1 inch on September 15th. A vanity address is a digital currency address programmed with a specific purpose, often highlighting an example or word in a place like a special sticker on a car.

The obscenity machine made many useless addresses. However, 1inch’s strategy for creating such addresses made it easy to penetrate with brute force attacks. Although this requires significant processing power, it can be balanced by the amount of cryptocurrency in the wallet. There have been various medium hacks so far. Recently, $3.3 million was mined from several Ethereum trends using Irreverence. On September 20, cryptocurrency marketer Wintermute said it had been hacked for $160 million – later admitting it was made possible by a problem with the scheme.