According to Cointelegraph, the notorious hacker Blockchain Bandit consolidated the stolen 51,000 ETH into a single wallet after being dormant for nearly two years.

Blockchain investigator ZachXBT stated in a Telegram post on December 30 that these funds were transferred from 10 wallet addresses to the multi-signature address '0xC45…1D542'.

These funds were transferred in batches of 5,000 ETH between 8:54 pm UTC and 9:18 pm UTC on December 30.

Since January 21, 2023, these stolen funds have remained inactive in 10 wallet addresses, at which time the hacker also transferred 470 BTC.