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The post Crypto Hack Alert: $107K Drained From 100+ Wallets Across EVM Chains appeared first on Coinpedia Fintech News 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…

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Filed under: News - @ January 2, 2026 7:25 am