In a troubling development for cryptocurrency users, over $107,000 has been drained from multiple wallets on Ethereum Virtual Machine (EVM)-compatible blockchains. This incident, reported by blockchain investigator ZachXBT, marks a significant security breach at the outset of 2026.
The attacker appears to be targeting numerous wallets, siphoning off relatively small amounts, typically under $2,000 per victim. Despite the modest losses per individual, the cumulative impact is notable and is expected to grow as the attacks continue. ZachXBT has cautioned that the method of entry for the attacker remains unidentified, which raises concerns about potential future exploits.
In his updates shared on Telegram, ZachXBT flagged a specific wallet address believed to be associated with the malicious activity, ending in 8Bf9bFB. The ongoing situation emphasizes the vulnerabilities that crypto holders face, especially as security breaches have become more prevalent.
Despite advancements in the cryptocurrency sector, hacks and thefts have persisted. According to data from Chainalysis, compromises of individual wallets accounted for about 20% of all crypto value stolen throughout last year. In December 2025 alone, there were approximately 26 major exploits, resulting in losses totaling around $76 million, as reported by PeckShield.
This recent wave of attacks follows other significant breaches, including a $7 million incident at Trust Wallet during the holiday season. The CEO of Trust Wallet, Eowyn Chen, indicated that the breach was linked to a specific version of their browser extension and assured users that the extension was temporarily removed from the Chrome Web Store to address the issue.
As the crypto landscape continues to evolve, users are urged to remain vigilant and take necessary precautions to safeguard their assets against such security threats.
