Almost $1M in crypto stolen from vanity address exploit

Hacks and exploits continue to plague the decentralized finance (DeFi) sector as another vanity wallet address joins the roster of DeFi victims, which, collectively, have lost more than $1.6 billion in 2022.

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

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