Parity Wallet Hacker Launders $9M After Seven Years Hiatus

• Parity Wallet hacker has resurfaced after seven years of inactivity.
• The hacker has laundered some of the stolen funds.
• The attacker’s primary address still holds hundreds of millions in stolen ETH.

The hacker suspected to have stolen tens of thousands of Ethereum from Parity Multisig Wallet has resurfaced after seven years of inactivity.

In July 2017, the attacker exploited a vulnerability on Parity Multisig Wallet version 1.5+ to drain over 150,000 ETH (valued at $30M) from three high-profile multi-signature contracts used to store funds from past token sales.

While blockchain infrastructure platform OpenZeppelin issued a post-mortem of the attack, detailing how it could have been prevented, the stolen funds were never recovered.

Hacker Launders First Batch of Stolen Loot

On May 13, blockchain security firm Cyvers issued an alert on X, noting that the hacker behind the Parity Multisig wallet theft had leveraged multiple consolidated addresses to initiate the laundering of 3,050 ETH ($9 million) at automatic crypto exchange eXch.

“The hacker behind this theft has demonstrated remarkable patience, marking a significant chapter in crypto history. Today, the hacker has initiated the laundering of 3050K ETH,” Cyvers wrote.

Following the first batch transfer, the hacker still retains control of a staggering 83,017 ETH, valued at approximately $246.6 million, Cyvers said, sharing the attacker’s primary address .

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While the funds were still intact at the attacker’s primary address as of press time, an anonymous party had left an odd on-chain message, inviting the hacker to provide liquidity for perp DEXs.

“Hey, I am searching for a liquidity provider. I have some hft strategies for perp dexes and amms and can prove it cryptographically, answer with an email or tg if you are interested. If you do so, I will send a signed message (with this address first) and then we can take it from there,” the message read .

The hacker has yet to respond to the message.

Read about Ark 21Shares’ updated Ether ETF proposal:
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