Hacker Transfers 100 ETH After Months of Dormancy: Security Concerns in DeFi

A hacker linked to the Voltage Finance exploit has recently transferred 100 ETH, prompting concerns about potential illicit funds movement within the decentralized finance (DeFi) space. CertiK, a blockchain security firm, detected this activity after monitoring the fund’s movements for months of dormancy. The transfer was executed by an unidentified hacker who exploited a vulnerability in Voltage Finance back in March 2022. CertiK alerted the crypto community on Twitter, highlighting the potential risks associated with stolen assets and prompting further investigation into the incident. The event underscores ongoing vulnerabilities in DeFi platforms, with funds resurfacing for illicit purposes. The lack of a response from Voltage Finance regarding security measures raises additional concerns. This case highlights systemic vulnerabilities within the crypto ecosystem demanding attention, particularly concerning the repeated targeting of DeFi platforms by sophisticated reentrancy attacks.