Crypto Hack Alert: $107K Drained From 100+ Wallets Across EVM Chains — Here’s What Happened
Another day, another exploit — but this one's got a familiar, unsettling pattern.
Over a hundred digital wallets just got raided, with attackers siphoning off more than $107,000 in assets. The target? Not one chain, but multiple Ethereum Virtual Machine (EVM) compatible networks. It's a stark reminder that interoperability, while a killer feature, also widens the attack surface.
The Multi-Chain Heist Playbook
Forget the old-school, single-network smash-and-grab. Modern crypto thieves operate like sophisticated logistics firms. They don't just break into one vault; they map the entire supply chain of digital value. This latest incident saw funds drained across several EVM chains, suggesting the attackers exploited a common vulnerability—perhaps a compromised seed phrase, a malicious smart contract interaction, or a poisoned front-end.
The play is simple: cast a wide net, move fast, and obfuscate the trail across multiple ledgers. It's efficiency at its most criminal.
Security Isn't a Feature, It's the Foundation
This isn't just about lost funds. It's about eroded trust. Every headline like this gives traditional finance suits another reason to clutch their pearls and delay the inevitable—mass adoption. They'll point and say, 'See? It's the wild west.' Never mind that their own legacy systems hemorrhage billions to fraud annually; at least it's a familiar, regulated kind of theft.
The real work happens in the quiet spaces between these flashy hacks. It's in the relentless auditing of code, the push for institutional-grade custody solutions, and the slow, hard graft of educating users. Your keys, your crypto—and your responsibility.
The Bullish Case in the Breach
Paradoxically, these incidents fuel the very innovation they seek to undermine. Each major exploit sparks a fire under developers to build stronger, more resilient systems. It pushes the entire ecosystem toward better standards, smarter wallets, and more transparent protocols. The market absorbs the shock, learns, and evolves—often emerging stronger.
So, while a six-figure hack makes for a scary headline, remember: the underlying value proposition of a decentralized, programmable financial system remains unshaken. The thieves are just proving how much that system is worth attacking.
The takeaway? Stay vigilant, stay skeptical, and for heaven's sake, use a hardware wallet. The future of finance won't build itself—and it certainly won't be secured by hoping for the best.
A fresh on-chain alert has raised concerns across the crypto space after blockchain investigator ZachXBT reported a coordinated wallet-draining incident affecting hundreds of users across EVM-compatible networks. The warning, shared widely on X, highlights a pattern of small but persistent losses that together have already crossed $107,000 in stolen funds.
What makes this incident stand out is its scale and subtlety. Rather than targeting large balances, the attacker appears to be draining amounts under $2,000 per wallet, allowing the exploit to spread quietly without triggering immediate alarms.
How do crypto wallets get drained
According to ZachXBT’s findings, the affected wallets span several EVM chains, confirming that this is not a single-chain issue. The consistency in transaction size and timing points to a coordinated effort rather than random thefts.
At this stage, the exact cause of the wallet drains has not been identified. No specific wallet provider, protocol, or smart contract vulnerability has been officially blamed. Investigators have only confirmed that funds are being routed to related addresses, suggesting a single actor or group behind the activity.
Why This Attack Pattern Matters
While the dollar amounts per wallet are relatively small, the broader risk lies in the method. By targeting many wallets for limited sums, attackers can bypass user detection and delay response times. This strategy also highlights ongoing security risks for self-custody users interacting across multiple chains.
The incident arrives amid growing scrutiny of wallet security following several high-profile exploits in late 2025, reinforcing concerns around approvals, permissions, and private key exposure within the EVM ecosystem.
A Broader Pattern of Crypto Exploits
This incident arrives amid a broader wave of crypto security breaches. According to blockchain security firm PeckShield, December recorded around 26 major crypto exploits, resulting in approximately $76 million in total losses. While that figure marks a sharp decline from November’s $194 million, it highlights that exploit activity remains persistent even as markets mature.
One of the most notable cases last month involved Trust Wallet, which suffered a security incident tied to a specific version of its browser extension. The breach, which occurred during the Christmas period, led to roughly $7 million in losses. Trust Wallet has since begun compensating affected users and rolled out updates aimed at improving verification and reimbursement processes.
Investigation Still Ongoing
ZachXBT has emphasized that the situation is still developing. As of now, there is no confirmed exploit vector, and users are being urged to remain alert while investigators continue tracking fund movements.
The event serves as another reminder that even routine wallet activity can carry risk in a rapidly evolving threat environment, especially when attackers focus on stealth rather than scale.
