Dormant Wallets Hit: $800K in Ethereum Drained

Published by

Sohrab Khawas

May 2, 2026

Dormant Wallets Hit: $800K in Ethereum Drained

More than 500 long-inactive Ethereum wallets were suddenly compromised, resulting in losses of around $800K. Attackers moved over 260 ETH ($600K) to a flagged address before routing 324 ETH through THORChain, suggesting an attempt to obscure funds. The exact breach method remains unclear, but experts point to exposed private keys, leaked seed phrases, or outdated wallet tools as likely causes, highlighting persistent security risks in legacy holdings.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Ethereum