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Hundreds of Long-Dormant Ethereum Addresses Hacked, Cause Unknown
On May 1, according to crypto analyst Wazz, starting yesterday, hundreds of wallets (many of which have been dormant for over 7 years) were emptied on the ETH mainnet by the same address. Aragon team member @TheTakenUser also confirmed that funds from their wallet were transferred for unknown reasons. The initial cause of this incident has not yet been determined, with community analysis suggesting it may be due to leaked old mnemonic phrases, private keys, or dangerous authorizations from 2017-2020, rather than a new smart contract vulnerability.