Whale’s Multisig Wallet Drained in $40M Crypto Attack
-

A crypto whale lost over $40 million after an attacker took control of a newly created multisig wallet, according to PeckShield and Hacken Extractor. Onchain data shows the wallet, created on Nov. 4, was effectively controlled by the attacker within six minutes. The hacker has laundered roughly $12.6M through Tornado Cash, retains about $2M, and holds a leveraged position on Aave. Analysts warn the wallet’s “1-of-1” configuration—requiring only a single signature—made it highly vulnerable, underscoring the importance of proper multisig setup and secure key management.