Ethereum custom addresses created via the Profanity tool have been hacked. Almost $3.3 million stolen from several custom ETH addresses. Attackers took advantage of a weakness in the wallet’s key generation process to access and drain $3.3 million in tokens from users’ wallets.
It is worth noting that decentralized exchange aggregator 1Inch, who previously suggested using the tool, informed the community before the hack that vanity addresses pose higher vulnerabilities. In the report published last week, the firm suggested users move their funds from wallet addresses made using Profanity.
@ZachXBT’s hack discovery tweet: https://twitter.com/zachxbt/status/1570927217840132097
For over 30 years, Marin Ivezic has been protecting financial services and critical infrastructure against cyber, financial crime, and regulatory risks. He previously held multiple interim CISO, CRO and technology leadership roles in Global 2000 companies. Since 2013 he has been advising institutions and regulators around the world on safe, secure and compliant adoption of crypto assets and other decentralized technologies.
