Hackers Steal $500,000 Worth of Tokens from Arbitrum Airdrop

Blockchain News reports:

Hackers have managed to steal $500,000 worth of tokens from layer-2 scaling solution Arbitrum’s March 23 airdrop. The theft was carried out through the use of vanity addresses, customized cryptocurrency addresses that contain specific words or phrases chosen by the user to make them more personal and identifiable. While vanity addresses offer a level of personalization and identification, their safety is questionable, as they can compromise the security of users’ private keys.

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