TREE NEWS reports: A user lost 59 ETH, worth about $146,800, after moving funds from a wallet dormant for more than eight years into a new wallet, Lookonchain reported. The old wallet had been untouched for over four years, and the attacker drained all the ETH following the transfer about a month ago in an incident tied to a Ledger security event.
Dormant 8-Year-Old Wallet Loses 59 ETH in Ledger Exploit After Funds Moved
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AI take
This case matters less as a single loss than as a reminder that long-dormant holdings can carry exposure that only surfaces when funds finally move. The tie to a Ledger security event shifts scrutiny onto hardware-wallet assumptions rather than the transfer itself, affecting long-term holders who assumed inactivity equaled safety. Whether the underlying Ledger issue is isolated or part of a broader pattern is the open question worth watching.
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