An individual or group of hackers have managed to amass over $54m in stolen digital currency by raiding digital wallets improperly secured with private keys, according to a new report. Consultancy Independent Security Evaluators (ISE) claimed the “Blockchainbandit” had taken advantage of poorly implemented private keys to transfer nearly 38,000 in Ethereum (ETH) out of the targeted wallets to one under its control.

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