Arbitrum airdrop: Hacked vanity addresses used to siphon $500K

The tokens were stolen by someone who compiled vanity addresses eligible for ARB airdrops.

Hacked vanity addresses have

Arbitrum’s token giveaway caused a lot of excitement and overwhelmed several websites. However, according to Nansen, there are still 428 million ARB tokens available to claim. As of late Thursday, around 240,000 addresses had not yet claimed their governance tokens, even though 61% of eligible crypto wallets had already done so. The 428 million unclaimed tokens, worth nearly $596 million at press time, represent 37% of the total 1.1 billion ARB allocated for Arbitrum’s airdrop.

Considering these figures, certain eligible addresses that haven’t been able to claim their token could be in the category of hacked addresses.

This isn’t the first time vanity addresses have been compromised by scammers in the crypto space. In January, Metamask warned crypto users about address poisoning.

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