Crypto Whale’s Multisig Wallet Loses $27.3M in Private Key Compromise

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Cybercriminals have struck a whale’s multisig wallet, resulting in a significant loss of funds. Blockchain security platform PeckShield reported on X that the attack led to the theft of $27.3 million from a single wallet.
The theft occurred in multiple stages. The compromised wallet had been created and funded only around 44 days prior to the attack.
Drainer Seized Control of Multisig Six Hours After Creation
According to PeckShield, the $27.3 million drain from the whale’s multisig wallet was due to a private key compromise.
The attacker has wasted no time in laundering the asset via a crypto mixer, with only about $2 million remaining in liquid assets.
The drainer utilized Tornado Cash to launder 4,100 ETH

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