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Blockchain Bandit moves 2M ETH after 2 years of dormancy: ZachXBT

Blockchain Bandit moves $172M ETH after 2 years of dormancy: ZachXBT

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Source: Coin Telegraph

The notorious hacker accumulated 51,000 Ether mostly by guessing weak private keys from 2016 to 2018.

Blockchain Bandit, a notorious hacker who stole 51,000 Ether mostly by successfully guessing weak private keys, has consolidated the funds into a single wallet after nearly two years of dormancy.

The entire 51,000 Ether (ETH) was transferred from 10 wallet addresses to multi-signature address “0xC45…1D542,” blockchain investigator ZachXBT said in a Dec. 30 Telegram post.

The funds were transferred in mostly 5,000 Ether batches between Dec. 30 at 8:54 pm UTC and 9:18 pm UTC.

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Author: Brayden Lindrea