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Hundreds of Ethereum Long-Term HODL Addresses Hacked, Reasons Unknown

2026.05.01 11:44:07

**May 1 Update** Crypto analyst Wazz says hundreds of Ethereum mainnet wallets—many dormant for over 7 years—have been drained by the same address since yesterday. Aragon team member @TheTakenUser also confirmed in a post that funds from the project’s wallet were transferred for unknown reasons. The root cause of the incident is still unconfirmed. Community analysis points to possible factors: leaks of old mnemonics or private keys (2017–2020), issues with storage tools like LastPass, or prior risky authorizations—not a new smart contract vulnerability.
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