Hackers drained $800K from dormant Ethereum wallets by exploiting old private keys.

In late April, attackers exploited hundreds of Ethereum wallets inactive for over seven years, draining about $800,000 by accessing their private keys. The stolen funds were mostly converted to Bitcoin via THORChain and moved across multiple chains. This incident highlights the vulnerability of old crypto wallets, which often lack modern security and are susceptible to breaches from past software leaks. Despite the attack, Ethereum's network and price remained stable, reflecting market resilience and confidence in the underlying blockchain infrastructure.