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

  • Goldman Sachs considers exiting partnership with Apple, shifts focus on financial services

    TL;DR Breakdown Goldman Sachs is reportedly considering ending its partnership with Apple, including the virtual credit card collaboration. The bank is in talks with American Express to potentially take over Apple’s credit card and other joint ventures. This strategic shift aligns with Apple’s aim to reduce reliance on external partners for financial services and Goldman Sachs’ efforts to adapt to changing market conditions. Description Goldman Sachs Group Inc,  a leading investment banking and financial services company, is contemplating an exit from its partnership with Apple Inc (AAPL.O), according to reports by Wall Street Journal. The collaboration between the two giants began in 2019 with the launch of a virtual credit card. According to the report, Goldman Sachs is currently … Read more Goldman Sachs Group Inc,  a leading investment banking and financial services company, is contemplating an exit from its partnership with Apple Inc (AAPL.O), according to reports by Wall Street Journal. The collaboration between the two giants began in 2019 with the launch of a virtual credit card. According to the report, Goldman Sachs is currently discussing with American…

    Article 2023年7月4日
  • Robert F. Kennedy Jr. criticizes SEC’s approach to crypto regulation, calls for change

    TL;DR Breakdown Robert F. Kennedy Jr., the U.S. presidential candidate, criticizes the SEC’s regulatory approach to cryptocurrencies, calling for the appointment of crypto-friendly individuals to the commission if he is elected. Under Chair Gary Gensler, the SEC has faced criticism for its enforcement-centric strategy and lack of regulatory clarity, with Coinbase taking legal action against the SEC and a congressman proposing the removal of the chairman. Kennedy highlights the advantages of Bitcoin, emphasizing its trustworthiness, democratic decision-making process, and intrinsic value while expressing concern that the SEC prioritizes banks over the interests of the American people. In a recent interview with TheStreet, U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) expressed his support for the cryptocurrency industry and criticized the Securities and Exchange Commission (SEC) for its regulatory approach. Kennedy, a well-known environmental attorney, and activist, emphasized the need for crypto-friendly individuals on the SEC Commission and accused the regulator of protecting banks rather than the American people. Kennedy, the nephew of former U.S. President John F. Kennedy and son of former U.S. Attorney General Robert F. Kennedy, highlighted…

    Article 2023年6月2日
  • The reason Apple lost $200 billion in less than two days

    Description Apple, the tech titan revered for its groundbreaking products, recently felt the heat from investor apprehensions. With a jaw-dropping dip of $200 billion in market value in a mere two-day span, one has to wonder what threw a wrench into Apple’s usually smooth operations. Unveiling the core reasons behind this nosedive reveals an intricate interplay … Read more Apple, the tech titan revered for its groundbreaking products, recently felt the heat from investor apprehensions. With a jaw-dropping dip of $200 billion in market value in a mere two-day span, one has to wonder what threw a wrench into Apple’s usually smooth operations. Unveiling the core reasons behind this nosedive reveals an intricate interplay of geopolitical tensions, robust competitors, and market dynamics. China’s Clampdown: A Spanner in the Works The root of Apple’s recent troubles can be traced back to Beijing. Rumblings suggest the Chinese government might be curbing the use of iPhones by its officials. While Apple might be on the brink of unveiling their latest smartphone – the iPhone 15, the Chinese debacle has cast a pall over…

    Article 2023年9月9日
  • Industry leaders join forces in SEAL 911 to combat DeFi cybersecurity threats

    TL;DR Breakdown The launch of SEAL 911, a collaborative initiative aimed at strengthening cybersecurity in the DeFi sector following the Curve Finance exploit. Curve Finance’s recovery of nearly 75% of the funds lost in a recent $70 million exploit. The surge in crypto theft in 2022, reaching $4.3 billion, a 37% increase from 2021, highlighting the urgent need for enhanced security measures. Description In the wake of the $70 million Curve Finance exploit, a collaborative initiative has been launched to bolster cybersecurity within the decentralized finance (DeFi) sector. The initiative, known as SEAL 911, is a Telegram bot designed to streamline communication with vetted security professionals during emergencies. Spearheaded by Sam (@samczsun), research partner and head of security … Read more In the wake of the $70 million Curve Finance exploit, a collaborative initiative has been launched to bolster cybersecurity within the decentralized finance (DeFi) sector. The initiative, known as SEAL 911, is a Telegram bot designed to streamline communication with vetted security professionals during emergencies. Spearheaded by Sam (@samczsun), research partner and head of security at Paradigm, the initiative…

    Article 2023年8月9日
  • Binance terminates partnership with the Argentine national team

    TL;DR Breakdown Binance has announced the termination of the partnership that it signed with the Argentine national team. The firm continues to fight regulatory challenges amid other issues. Description In a surprising move, Binance, one of the world’s largest cryptocurrency exchanges, has terminated its five-year partnership with the Argentine soccer association (AFA) after just one year. The decision comes as a result of a breach of contract by the AFA, according to a statement posted on the firm’s Spanish-language Twitter account on Monday. Binance … Read more In a surprising move, Binance, one of the world’s largest cryptocurrency exchanges, has terminated its five-year partnership with the Argentine soccer association (AFA) after just one year. The decision comes as a result of a breach of contract by the AFA, according to a statement posted on the firm’s Spanish-language Twitter account on Monday. Binance said the association breached the terms of the deal The partnership, which began in January 2022, initially seemed promising as the exchange became the main sponsor of Argentina’s national soccer team and the naming sponsor of its national…

    Article 2023年7月19日
TOP