Fraudsters don’t often succeed in swindling cryptocurrency whales with substantial market-influencing holdings. Nevertheless, in an unfortunate twist of events, a crypto investor recently incurred multimillion-dollar losses in the latest phishing scam.
The theft is now regarded as one of the most significant crypto phishing attacks in recent history.
- According to on-chain data, a prominent crypto whale with the address “0x13e382” suffered a significant loss of $24.23 million in liquid-staked Ethereum on September 6. This loss included 4,851 rETH worth around $8.58 million and 9,579 stETH valued at $15.63 million, all of which fell into the hands of phishing scammers.
- After further investigation, the Web3 security firm Scam Sniffer disclosed that the whale unintentionally granted token approval to the fraudsters by authorizing “increaseAllowance” transactions.
- The pilfered funds were initially deposited into two addresses, specifically “0x693b72” and “0x4c10a4.” However, the scammers have since transferred a portion of these assets to the Fixed Float exchange, while the rest now resides in three separate addresses.
- One of the wallets tied to this fraudulent activity, specifically “0x4c10a4,” is linked to multiple crypto phishing websites.
- The victim reportedly has extensive on-chain experience and serves as a significant liquidity provider. They offer WBTC/USDT liquidity exceeding $1.6 million on Uniswap V3 and have been engaged with ious protocols, including Aave, 1inch, Curve, OMG, EOS, and more.
- The identity remains undisclosed, but the earliest recorded transaction linked to this address dates back to June 2017, originating from Bitfinex.
- The development comes amidst rising crypto phishing scams swirling by countless verified paid bots utilizing X (formerly Twitter), especially after the rollout of the new Twitter Blue subion last November.
- Last month, prominent on-chain sleuth ZackXBT also pointed out the alarming growth of phishing scam spam from fake verified organizations on the social media platform.
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.
