An elderly crypto whale known as “HEX 19” lost nearly $4.5 million in a slow-moving hack that drained his staked HEX over multiple years.
At first, it looked like a HEX whale was cashing out. But it wasn’t long before the community realized he didn’t voluntarily unstake his tokens — he had become a victim of a major exploit.
The cyberattack started in November 2021, touched multiple phishing wallets and was traced back to an online entity known as “Konpyl,” a threat actor familiar to crypto investigators.
The breach not only shook the token’s price but also exposed a web of fraudulent operations tied to Inferno Drainer and the $1.6 million fake Rabby wallet scam of February 2024.
HEX token price sinks following the HEX19 hack. Source: CoinGecko
HEX hackers and the web of connections
A blockchain investigator who spoke to Cointelegraph on condition of anonymity