'Blockchain Bandit' reawakens: $90M in stolen crypto seen shifting

‘Blockchain Bandit’ reawakens: $90M in stolen crypto seen shifting


A hacker dubbed the “Blockchain Bandit” has finally woken from a six-year slumber and has started to move their ill-gotten gains.

According to Chainalysis, around $90 million in crypto pilfered from the attacker’s long-running string of “programmatic theft” since 2016 has started moving over the past week.

This included 51,000 Ether (ETH) and 470 Bitcoin (BTC), worth around $90 million leaving the Bandit’s address for a new one, with Chainalysis noting:

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“We suspect that the bandit is moving their funds given the recent jump in prices.”

The hacker was dubbed the “Blockchain Bandit” due to being able to empty Ethereum wallets protected with weak private keys in a process termed “Ethercombing.”

The attacker’s “programmatic theft” process has drained more than 10,000 wallets from individuals across the globe since the

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