Fun

User loses $32 million spWETH in a sophisticated phishing attack

News Feed - 2024-09-29 06:09:22

Vince Quill3 hours agoUser loses $32 million spWETH in a sophisticated phishing attackAccording to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024, losing funds as a result.675 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onA wallet ending in "e57" fell prey to a sophisticated phishing attack on Sept. 27 that left the wallet drained of 12,083 Spark Wrapped Ethereum tokens (spWETH), valued at $32 million.


According to security firm CertiK, 10,000 spWETH, valued at approximately $26 million, was initially sent to a wallet beginning with "0x471c." A portion of these funds was subsequently transferred to 4 additional wallets.


1,750 Ether (ETH) was transferred to a wallet beginning with the characters "0x105c", 2,613 ETH was sent to a wallet starting with "0x278d", an additional 3,730 ETH to an address beginning with "0x408d", and, finally, approximately 1,865 ETH was transferred to an address beginning in "0xfaf2."Source:CertiK Alert.


Data from Arkham Intelligence revealed that the compromised wallet may belong to F2Pool founder Shixing Mao; however, this information has yet to be verified.


Related:Decentraland X account hacked, phishing scam targets MANA airdropPhishing attacks on the rise in August 2024


In August 2024, crypto phishing attacks rose sharply by 215%. According to security firm Scam Sniffer"s August phishing report, total losses from the malicious attacks for the month exceeded $66 million. The security firm identified one wallet that lost a whopping $55 million in a single phishing attack targeting the victim"s proxy ownership.


A September 2024 report from Blockaid revealed that the infamous Angel Drainer — malicious phishing software that targets cryptocurrency users — was upgraded to the newer AngelX. The newly upgraded phishing software deployed more than 300 phishing decentralized applications (DApps) within only four days.


At the time, a Blockaid spokesperson expressed concern that the upgraded AngelX phishing suite targeted "newer" blockchain networks such as The Open Network (TON) and Tron (TRX). One of the most alarming features of AngelX is a newly upgraded control panel — giving malicious actors unparalleled control to create customized and increasingly sophisticated phishing scams.Search engines unknowingly feature malicious phishing links


A Sept. 11 report from Scam Sniffer revealed that search engine DuckDuckGo displayed fraudulent Etherscan sites. The security firm warned that these malicious links prompt users to connect MetaMask wallets — leading to hackers being able to access funds once the wallets are connected.


Magazine:Bankroll Network DeFi hacked, $50M phisher moves crypto on CoW: Crypto-Sec# Blockchain# Altcoin# Phishing# Ethereum# Cybercrime# Cybersecurity# HacksAdd reaction

News Feed

With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30%
With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30% Prior to the market carnage on March 12, the Grayscale Bitcoin Trust (GBTC) had acquired over 300,000 BTC. G
Google Cloud Is Running a Solana Validator, Blockchain Node Engine to Support SOL Chain Next Year
Google Cloud Is Running a Solana Validator, Blockchain Node Engine to Support SOL Chain Next Year After Google Cloud announced that it would offer a product called the “Blockchai
Tesla Sold 75% of Its Bitcoin — Elon Musk Says ‘We Have Not Sold Any of Our Dogecoin’
Tesla Sold 75% of Its Bitcoin — Elon Musk Says "We Have Not Sold Any of Our Dogecoin" Tesla has converted approximately 75% of its bitcoin into fiat currency. The cryptocurrency
Analyst Predicts Possible 40% Crash For XRP Price With Gravestone DOJI Candle Formation
Este artículo también está disponible en español. The long-awaited rally in the XRP pricemay be coming to a fast end, as a crypto analyst has predicted a 40% crash for th
World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices
World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin min
Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 Ahead of FOMC Meeting
Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 Ahead of FOMC Meeting Bitcoin was trading marginally higher ahead of Wednesday’s United States FOMC meeting, whe
Full decentralization will happen in a few years — Layer-2 rollup teams
Christopher Roark10 hours agoFull decentralization will happen in a few years — Layer-2 rollup teamsSeveral layer-2 rollup teams, including those for Linea, zkSync, Arbitrum and Optimism, claimed that full decentraliza
Fireblocks to Acquire Crypto Payment Platform for a Reported $100 Million
Fireblocks to Acquire Crypto Payment Platform for a Reported $100 Million Digital asset custody service provider Fireblocks has announced it will acquire First Digital, a fellow Is
Biggest Movers: ADA Extends Gains, as SOL Consolidates on Saturday
Biggest Movers: ADA Extends Gains, as SOL Consolidates on Saturday Cardano rose for a second straight session to start the weekend, as the token continued to move away from a key
Gareth Jenkinson11 hours agoBitcoin Amsterdam: Focus on BTC fundamentals, says Edward SnowdenProminent Bitcoiners and contemporary adopters highlight the need to focus on the fundamental value proposition of Bitcoin to c
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs During the weekend, discussions about central bank digital currencies, or
Bitcoin Price Forecast: LTF Head And Shoulders Pattern Predicts Crash – Here’s The Target
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu