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Hundreds of Dormant Ethereum Wallets Drained by Single Address

ethereum news Security Incidents On-Chain Data

2026-05-03 03:47:39

ETH0.13%

According to ChainCatcher, citing analyst Wazz, hundreds of dormant Ethereum wallets, many inactive for over seven years, were drained by the same address on ETH mainnet. Aragon team member @TheTakenUser confirmed their wallet was affected. The root cause remains unclear, though community analysis suggests the compromise stems from leaked seed phrases, private keys, or compromised password managers from 2017-2020, or prior risky token approvals, rather than a new smart contract vulnerability.

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