According to reports from Cyvers Alerts, the hacker who stole 150,000 ETH from the Parity Multisig Wallet version 1.5 in 2017 has resurfaced, moving stolen Ethereum worth $9 million to cryptocurrency exchange eXch.A post from X by Cyvers Alerts acknowledges the hacker’s notable patience, marking a significant event in cryptocurrency history. They commenced the laundering of 3,050 ETH, equivalent to $9M, through eXch, employing various consolidated addresses.
The hacker found a programmer-introduced bug that allowed them to re-initialize the wallet, effectively restoring it to factory settings. This vulnerabilityThe incident led to unauthorized access and the theft of over 150,000 ETH, valued at $30 million at the time but now worth $442 million at current prices.
However, white hat hackers managed to recover 377,000 ETH that were potentially at risk due to the same vulnerability, providing some relief to affected users.insights into the possible steps that could have prevented the attack. They emphasized the importance of avoiding the use of certain coding methods, such as the “delegatecall” function, which functioned as a universal forwarding mechanism.
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