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Ethereum bandit makes off with $6.1M after bypassing weak private keys


There’s a blockchain bandit on the loose – and they’ve already thieved over $6.1 million worth of Ethereum. According to a report published by security consulting firm Independent Security Evaluators (ISE), an unknown entity has been bypassing weak private keys to swipe large amounts of Ether. The findings show that during last year’s price rally, the stolen funds amounted to over $54 million (roughly 38,000 ETH). As part of its investigation, ISE looked at several weak private keys, starting with simple key combinations and soon realised that associated wallets had been funnelled. To determine the speed at which the thief was…

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