Nearly $1 Million in Crypto Stolen From Custom Address Exploit

Hacker stole 732 ETH worth approximately $950,000 and sent it to sanctioned Tornado Cash mixer. New

Hacks and exploits continue to plague the decentralized finance (DeFi) industry as another vanity wallet address joins the list of DeFi victims, who collectively have lost over $1.6 billion in dollars in 2022.

In an alert published by blockchain security firm PeckShield, a hacker was detected after stealing 732 Ether (ETH), or approximately $950,000, from an address created on the address generator of Ethereum wallet called Profanity. After emptying the wallet, the exploiters sent the crypto to the recently sanctioned crypto mixer Tornado Cash.

#PeckShieldAlert Looks like $950,000 worth of crypto was stolen by 0x9731F from an Ethereum "custom address" generated with a tool called Profanity. Exploiter has already transferred ~732$ETH to Mixer pic.twitter.com/QOZfnE49H4

Personalized addresses are personalized crypto wallet addresses that are generated to include specific words or characters chosen by the owner. However, as recent exploits have pointed out, the security of custom addresses remains questionable...