Old Ethereum Wallets Drained in Coordinated Attack, Losses Pass $800K

🔓 Hundreds of dormant Ethereum wallets, some inactive for over seven years, were drained in a coordinated attack, resulting in losses exceeding $800,000.

🕵️‍♂️ Analysts confirmed that the attacker exploited old secret keys and weak security measures, rather than a smart contract vulnerability, targeting wallets created between 2015 and 2019.

📉 April marked a disastrous month for DeFi security, with approximately $635 million lost across 28 incidents, including significant exploits like the $294 million KelpDAO breach.