Crypto whale loses $24.23 million in major Ethereum phishing scam

TL;DR Breakdown

  • A prominent crypto investor, known as a “crypto whale,” lost $24.23 million in a phishing scam on September 6.
  • The investor’s Ethereum address “0x13e382” was compromised through unauthorized “increase Allowance” transactions.
  • The stolen assets, including rETH and stETH, were transferred to two separate addresses, one linked to multiple crypto phishing domains.

Description

In a devastating incident that has rattled the cryptocurrency community, a prominent crypto investor lost a staggering $24.23 million in a phishing scam on September 6. Identified by the Ethereum address “0x13e382,” the investor is considered a “crypto whale,” holding significant assets capable of influencing market trends. The loss included 4,851 rETH valued at approximately … Read more

In a devastating incident that has rattled the cryptocurrency community, a prominent crypto investor lost a staggering $24.23 million in a phishing scam on September 6. Identified by the Ethereum address “0x13e382,” the investor is considered a “crypto whale,” holding significant assets capable of influencing market trends. The loss included 4,851 rETH valued at approximately $8.58 million and 9,579 stETH worth around $15.63 million.

Data from the Ethereum blockchain reveals that the investor fell victim to unauthorized “increase Allowance” transactions. Web3 security firm Scam Sniffer disclosed that the whale had inadvertently granted token permissions to the fraudsters. This action enabled the scammers to siphon off the investor’s assets to two separate addresses, “0x693b72” and “0x4c10a4.”

Interestingly, the latter address, “0x4c10a4,” has been linked to many crypto phishing domains. The stolen funds were partly moved to the Fixed Float exchange, while the remainder was distributed across three other locations. The scammers successfully executed their scheme despite the victim’s extensive experience in the blockchain sector, including providing over $1.6 million in WBTC/USDT liquidity on Uniswap V3.

The victim has also collaborated with other blockchain protocols, such as Aave, 1inch, Curve, OMG, and EOS. Although the individual’s identity remains undisclosed, records indicate that the oldest known transaction linked to this address occurred on Bitfinex in June 2017.

This incident comes amid growing concerns about the rise of crypto phishing scams, particularly on social media platforms. Since the introduction of Twitter’s new Blue membership in November, there has been a noticeable uptick in phishing schemes. These scams are often propagated by verified paid bots using the platform previously known as Twitter.

Earlier this month, ZackXBT, a renowned on-chain investigator, also expressed concerns about increasing phishing scams on social media. These scams frequently masquerade as verified businesses, further complicating the issue for unsuspecting users.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Crypto whale loses $24.23 million in major Ethereum phishing scam

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月8日 12:32
Next 2023年9月8日 14:14

Related articles

  • USDC debuts on Base network: Circle CEO

    TL;DR Breakdown Circle’s CEO, Jeremy Allaire, announces USDC’s upcoming native launch on the Base network. Previously, users couldn’t directly deposit cash for USDC on Base, leading to the use of a bridge coin, USDbC, backed by Ethereum. The new system aims to phase out the need for this bridged coin. Description Major shifts are on the horizon for USDC users and the Base network. An announcement from Circle’s CEO, Jeremy Allaire, revealed that their renowned stablecoin, USD Coin (USDC), will soon make its native appearance on the Base network. This move promises to simplify transactions and replace the workaround coin most have been using, marking yet … Read more Major shifts are on the horizon for USDC users and the Base network. An announcement from Circle’s CEO, Jeremy Allaire, revealed that their renowned stablecoin, USD Coin (USDC), will soon make its native appearance on the Base network. This move promises to simplify transactions and replace the workaround coin most have been using, marking yet another significant stride in the ever-evolving crypto landscape. Paving the Way for Direct USDC Transactions on…

    Article 2023年8月30日
  • Bitcoin blockchain ensures election integrity in Guatemala

    TL;DR Breakdown Guatemala’s Supreme Election Tribunal is using Bitcoin’s blockchain via the OpenTimestamps tool to timestamp key election documents, making it easier to detect fraudulent activities. While this system doesn’t validate individual tally sheets, it adds an additional layer of security by allowing citizens to verify the timestamps of documents Description Amid growing concerns about electoral integrity worldwide, Guatemala stands out as a beacon of innovation. Harnessing the revolutionary power of blockchain technology, the nation is taking a pioneering step. Guatemala’s Supreme Election Tribunal is using Bitcoin timestamping to ensure transparency and detect fraud attempts in the country’s presidential elections. Contents hide 1 Tackling election fraud … Read more Amid growing concerns about electoral integrity worldwide, Guatemala stands out as a beacon of innovation. Harnessing the revolutionary power of blockchain technology, the nation is taking a pioneering step. Guatemala’s Supreme Election Tribunal is using Bitcoin timestamping to ensure transparency and detect fraud attempts in the country’s presidential elections. Contents hide 1 Tackling election fraud with OpenTimestamps 2 Guatemala’s push for transparency 3 Challenges and successes in the face of controversy…

    Article 2023年9月25日
  • The Summer of Shibarium: A New Era for the SHIB Token

    TL;DR Breakdown The team behind the Shiba Inu (SHIB) token announced the “Summer of Shibarium” on Twitter The announcement also mentioned a revamped website and teased “thrilling releases on the horizon”.   Description As the summer sun blazes in the sky, the SHIB token is heating up the crypto market with its latest announcement. The team behind the popular cryptocurrency, Shiba Inu (SHIB), recently took to Twitter to announce the arrival of the “Summer of Shibarium”. This announcement has sparked a wave of excitement among the crypto community, … Read more As the summer sun blazes in the sky, the SHIB token is heating up the crypto market with its latest announcement. The team behind the popular cryptocurrency, Shiba Inu (SHIB), recently took to Twitter to announce the arrival of the “Summer of Shibarium”. This announcement has sparked a wave of excitement among the crypto community, with the tweet garnering over a thousand retweets and more than three thousand likes within hours of its posting. The tweet, posted on July 15, 2023, read, “Get your swimsuits ready! 🏖️ The Summer…

    Article 2023年7月16日
  • Binance’s bold move: Lie Detector test on football legend Cristiano Ronaldo

    TL;DR Breakdown Cristiano Ronaldo undergoes a lie detector test by Binance, creating a buzz and leading to speculations about its intent. The test follows Ronaldo’s recent launch of his NFT collection on Binance and raises questions about the future of celebrity endorsements in the tech era. Description In an unprecedented move, Binance, the world-renowned cryptocurrency exchange, recently subjected its football ambassador and NFT creator, Cristiano Ronaldo, to a lie detector test. The event has since sent ripples across the crypto and sports communities, sparking a myriad of reactions and speculations. Contents hide 1 Ronaldo’s tweet ignites curiosity 2 The purpose behind the … Read more In an unprecedented move, Binance, the world-renowned cryptocurrency exchange, recently subjected its football ambassador and NFT creator, Cristiano Ronaldo, to a lie detector test. The event has since sent ripples across the crypto and sports communities, sparking a myriad of reactions and speculations. Contents hide 1 Ronaldo’s tweet ignites curiosity 2 The purpose behind the unconventional test 3 Publicity stunt or A glimpse into the future? 4 Conclusion Ronaldo’s tweet ignites curiosity Cristiano Ronaldo, the…

    Article 2023年8月28日
  • Coinbase and Gemini reconsider XRP listing after court ruling

    TL;DR Breakdown Coinbase and Gemini are considering listing Ripple’s XRP token following a U.S. federal court ruling that declared the sale of XRP on exchanges and through algorithms does not constitute investment contracts. Coinbase plans to restart XRP trading on the XRP network, while Gemini is exploring the listing of XRP for both spot and derivatives trading. The court ruling has significantly impacted XRP’s price, with the token surging over 77% and experiencing increased trading volume, reflecting the positive sentiment surrounding XRP following the resolution of the Ripple v. SEC case. Description Following a recent ruling in the Ripple v. SEC case, which determined that XRP does not qualify as a security, major cryptocurrency exchanges Coinbase and Gemini have expressed interest in relisting and listing XRP, respectively. The court’s decision has sparked a surge in XRP’s price and renewed attention from prominent exchanges. Coinbase, in a tweet … Read more Following a recent ruling in the Ripple v. SEC case, which determined that XRP does not qualify as a security, major cryptocurrency exchanges Coinbase and Gemini have expressed interest in…

    Article 2023年7月14日
TOP