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Suspicious Transfers Happening on Ethereum
Recent reports have emerged of suspicious transfers taking place on the Ethereum network, highlighting the importance of security measures in the blockchain space.
According to CertiK Alert, unverified contracts on Ethereum have been involved in some questionable transactions. One particular contract has seen a transfer of funds worth $49.5 million, with the recipient swapping them for Dai stablecoin.
It appears that an account was compromised and granted a special role “0x8e9b,” which enabled the withdrawal of all funds from the 0x9a79 address. The exploiter behind this action has now swapped all the funds into 17,696 ETH ($49 million).
This incident comes on the heels of Bybit’s recent hack, where around 70% of their funds were drained. Despite these challenges, Ethereum’s price has managed to recover and currently stands at $2,723.
It is essential for users to remain vigilant in the face of such malicious activities and take necessary precautions to protect their assets.
Source: https://u.today/suspicious-transfers-happening-on-ethereum
