The post Massive Multi-Chain Drain Targets EVM Wallets appeared on BitcoinEthereumNews.com. // News Reading time: 2 min Published: Jan 03, 2026 at 20:16 UpdatedThe post Massive Multi-Chain Drain Targets EVM Wallets appeared on BitcoinEthereumNews.com. // News Reading time: 2 min Published: Jan 03, 2026 at 20:16 Updated

Massive Multi-Chain Drain Targets EVM Wallets

// News

Reading time: 2 min

Published: Jan 03, 2026 at 20:16
Updated: Jan 03, 2026 at 20:23

On January 2, 2026, the prominent on-chain sleuth ZachXBT reported that hundreds of independent wallets had been drained of their assets, with the root cause remaining unidentified as of the latest investigations.


The new year began with a significant blow to the decentralized finance (DeFi) ecosystem as a massive, coordinated security breach hit users across multiple Ethereum Virtual Machine (EVM) compatible chains. 


The attack is characterized by its broad reach and technical stealth. Unlike traditional “phishing” schemes where users are tricked into signing a malicious transaction, many affected users reported that funds were moved without any recent interaction with new dApps or websites. This has led security researchers to hypothesize a potential supply-chain compromise in a common library, a vulnerability in a popular browser extension, or a deep-seated exploit within a widely used wallet-connect protocol.

Impact and mitigation efforts


Thousands of users across networks like Ethereum, Arbitrum, and Polygon have seen their balances of ETH, stablecoins, and high-value NFTs transferred to several central “mixer” addresses.


Major wallet providers and security firms like SlowMist and CertiK have issued urgent advisories, urging users to revoke all open token approvals and move high-value assets to “cold” hardware wallets that have not been connected to hot browser environments.


ZachXBT and other white-hat groups are currently tracking the flow of funds, which appear to be moving toward specialized obfuscation protocols designed to hide the final destination of the stolen capital.


This event serves as a stark reminder of the “fragility of trust” in the DeFi space, prompting renewed calls for the adoption of multi-signature security and institutional-grade custody solutions even for individual retail investors.


Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. Coinidol.com is an independent Blockchain media outlet that delivers news, cryptocurrency analytics and reviews. The data provided is collected by the author and is not sponsored by any company or developer. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds.

Source: https://coinidol.com/massive-multi-chain-drain/

Market Opportunity
Minswap Logo
Minswap Price(MIN)
$0.00568
$0.00568$0.00568
0.00%
USD
Minswap (MIN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Young Republicans were more proud to be American under Obama than under Trump: data analyst

Young Republicans were more proud to be American under Obama than under Trump: data analyst

CNN data analyst Harry Enten sorts through revealing polls and surveys of American attitudes, looking for shifts, and his latest finding is an indictment of President
Share
Alternet2026/02/10 22:18
Vitalik Buterin Outlines Ethereum’s AI Framework, Pushes Back Against Solana’s Acceleration Thesis

Vitalik Buterin Outlines Ethereum’s AI Framework, Pushes Back Against Solana’s Acceleration Thesis

Ethereum co-founder Vitalik Buterin has reacted to Solana’s artificial general intelligence acceleration initiative. He did this through the establishment of his
Share
Thenewscrypto2026/02/10 18:40
Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple!

Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple!

Buterin unveils Ethereum’s strategy to tackle quantum security challenges ahead. Ethereum focuses on simplifying architecture while boosting security for users. Ethereum’s market stability grows as Buterin’s roadmap gains investor confidence. Ethereum founder Vitalik Buterin has unveiled his long-term vision for the blockchain, focusing on making Ethereum quantum-secure while maintaining its simplicity for users. Buterin presented his roadmap at the Japanese Developer Conference, and splits the future of Ethereum into three phases: short-term, mid-term, and long-term. Buterin’s most ambitious goal for Ethereum is to safeguard the blockchain against the threats posed by quantum computing.  The danger of such future developments is that the future may call into question the cryptographic security of most blockchain systems, and Ethereum will be able to remain ahead thanks to more sophisticated mathematical techniques to ensure the safety and integrity of its protocols. Buterin is committed to ensuring that Ethereum evolves in a way that not only meets today’s security challenges but also prepares for the unknowns of tomorrow. Also Read: Ethereum Giant The Ether Machine Takes Major Step Toward Going Public! However, in spite of such high ambitions, Buterin insisted that Ethereum also needed to simplify its architecture. An important aspect of this vision is to remove unnecessary complexity and make Ethereum more accessible and maintainable without losing its strong security capabilities. Security and simplicity form the core of Buterin’s strategy, as they guarantee that the users of Ethereum experience both security and smooth processes. Focus on Speed and Efficiency in the Short-Term In the short term, Buterin aims to enhance Ethereum’s transaction efficiency, a crucial step toward improving scalability and reducing transaction costs. These advantages are attributed to the fact that, within the mid-term, Ethereum is planning to enhance the speed of transactions in layer-2 networks. According to Butterin, this is part of Ethereum’s expansion, particularly because there is still more need to use blockchain technology to date. The other important aspect of Ethereum’s development is the layer-2 solutions. Buterin supports an approach in which the layer-2 networks are dependent on layer-1 to perform some essential tasks like data security, proof, and censorship resistance. This will enable the layer-2 systems of Ethereum to be concerned with verifying and sequencing transactions, which will improve the overall speed and efficiency of the network. Ethereum’s Market Stability Reflects Confidence in Long-Term Strategy Ethereum’s market performance has remained solid, with the cryptocurrency holding steady above $4,000. Currently priced at $4,492.15, Ethereum has experienced a slight 0.93% increase over the last 24 hours, while its trading volume surged by 8.72%, reaching $34.14 billion. These figures point to growing investor confidence in Ethereum’s long-term vision. The crypto community remains optimistic about Ethereum’s future, with many predicting the price could rise to $5,500 by mid-October. Buterin’s clear, forward-thinking strategy continues to build trust in Ethereum as one of the most secure and scalable blockchain platforms in the market. Also Read: Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? The post Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple! appeared first on 36Crypto.
Share
Coinstats2025/09/18 01:22