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**2016 Hacker Blockchain Bandit Resurfaces, Shifts $172 Million in Ethereum to New Wallets**
A notorious figure from the early days of cryptocurrency hacking has re-emerged on the scene. The infamous hacker known as “Blockchain Bandit” has made headlines once again after shifting a staggering $172 million worth of Ethereum (ETH) tokens to new wallets.
It all began back in 2016 when Blockchain Bandit, whose real identity remains unknown, carried out a sophisticated attack on several cryptocurrency exchanges and digital asset management platforms. The hack resulted in the theft of approximately $60 million in various cryptocurrencies at the time.
Fast-forward eight years, it appears that Blockchain Bandit has not only recovered from their previous exploits but has also managed to amass an impressive amount of wealth. According to available data, the hacker’s latest actions have led to a massive 2,900% increase in their Ethereum holdings, which now total a staggering $172 million.
While the intentions behind this sudden shift in assets are unclear, it is essential for the cryptocurrency community to remain vigilant and monitor any future activities from Blockchain Bandit. The resurfacing of such a notorious figure serves as a reminder that even seasoned hackers can still pose significant threats to the integrity and security of digital asset systems.
As we continue to explore this developing story, we will keep you updated with any new information that becomes available.
Source: cryptoslate.com
