Gate News message, April 20 — A coordinated Ethereum phishing attack drained $585,000 from four victims in 11 hours, according to Scam Sniffer. One user alone lost $221,000 in Wrapped Bitcoin (WBTC) after signing a malicious transaction.
Attackers used a phishing link that appeared legitimate to trick users into approving transactions. Once victims signed the malicious transaction, the attacker gained access to their funds and executed transfers within seconds. Unlike direct wallet hacks, this method exploited user permissions rather than breaking into wallets. Scam Sniffer reported that the same drainer targeted multiple victims sequentially, suggesting the attacker used automation tools to increase efficiency and success rates.
The attack demonstrates how quickly funds can be lost through social engineering, even when users believe they are interacting with legitimate platforms.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Aave, Kelp, LayerZero Seek $71M Frozen ETH Release on Arbitrum
A coalition of major DeFi protocols including Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound filed a Constitutional AIP on the Arbitrum forum Saturday requesting the network's DAO release approximately $71 million in frozen ETH for the rsETH recovery effort known as DeFi United. The Arbitrum
CryptoFrontier29m ago
Aave, Kelp, LayerZero Propose Releasing $71M in Frozen ETH to Support rsETH Recovery
Gate News message, April 26 — A coalition of major DeFi protocols led by Aave Labs, joined by Kelp DAO, LayerZero, EtherFi, and Compound, filed a Constitutional AIP on Saturday morning asking the Arbitrum DAO to release approximately $71 million in frozen ETH to support DeFi United, a cross-protocol
GateNews3h ago
Ethereum Foundation Sells 10K ETH To Bitmine OTC Deal
Ethereum Foundation sells 10K ETH through OTC to fund research, development, and ecosystem grants under treasury strategy.
Bitmine expands holdings through direct deals, nearing target to control about 5% of Ethereum total supply.
OTC transactions enable large crypto transfers with
CryptoFrontNews6h ago
ETH Liquidation Cascade: $635M Long Positions at Risk Below $2,217, $504M Shorts Exposed Above $2,430
Gate News message, April 26 — According to Coinglass data, if Ethereum falls below $2,217, cumulative long liquidations across major CEX platforms would reach $635 million. Conversely, if ETH surges above $2,430, cumulative short liquidations would total $504 million.
GateNews7h ago
Whale Liquidates 1,351 ETH and Opens $50.6M Bitcoin Short on Hyperliquid
Gate News message, April 26 — A whale address beginning with 0x310 opened a 16x leveraged Bitcoin short position on Hyperliquid over the past 30 minutes, with a notional value of $50.6 million across 653 BTC at an average price of $77,470. The liquidation price stands at $81,308, making it the
GateNews7h ago
Aave, Kelp, LayerZero Seek $71M Frozen ETH Release from Arbitrum DAO
Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound filed a Constitutional AIP on the Arbitrum forum Saturday morning requesting the network's DAO release approximately $71 million in frozen ETH to support rsETH recovery efforts following last week's $292 million Kelp DAO exploit. The proposal
CryptoFrontier8h ago
