The Blockchain Bandit is On the Move: Wallet of Prolific Crypto Thief Moves Funds for First Time in Six Years

January 26, 2023

After six years of hodling, the notorious “Blockchain Bandit” has woken up and begun moving some of the $90 million worth of stolen funds sitting in their wallet. Who is the Blockchain Bandit? They did this using a process called “Ethercombing” to identify and drain Ethereum addresses with weak private keys. Using this strategy, the Blockchain Bandit amassed a fortune of over 51,000 Ether, stolen from over 10,000 individual wallets. The Blockchain Bandit moves funds for first time in six yearsFor six years, the Blockchain Bandit’s wallet was almost entirely dormant, moving none of its stolen treasure trove.