One “Click” Cost a Lot of Money! An Investor Lost $36 Million, This Altcoin Price Dropped Sharply!

As the cryptocurrency sector continues to be targeted by hackers, hackers have caught another victim.

According to EmberCN’s post, a wallet lost $36 million after using a phishing signature.

EmberCN noted that this wallet address was flagged by Arkham as belonging to the US-based Continue Fund.

He also said that this wallet lost 15,079 fwDETH (worth $36 million) in a phishing attack.

“Arkham’s address marked as belonging to the Continue Fund was phished 7 hours ago, losing 15,079 fwDETH ($35.98M).

Then, to quickly convert the stolen assets into safe assets, the phisher directly converted DETH into ETH via Swap.

However, due to the insufficient depth of the DETH pool, 14,079 DETH were only exchanged for 2,288 ETH. The stability of DETH/WETH has been greatly deteriorated.

The value of the assets he stole dropped by 85% from $35.98 million to $5.5 million.”

Experts drew attention to the magnitude of the loss and warned investors, “Do not click on links you do not know and do not sign signatures you do not know to avoid being subject to phishing attacks. Be sure to double-check when signing.”

Following this incident, the price of DETH dropped by 40% in the last 24 hours.

啊这…被 Arkham 标记疑似属于 @ContinueFund 的地址 7 小时前被钓鱼损失 15,079 枚 fwDETH ($35.98M)。

随后钓鱼实施者为快速将盗取资产转换为安全资产，直接通过 Swap 将 DETH 换回 ETH。但由于 DETH 池子深度不够，14,079 枚 DETH 仅仅换回了 2,288 ETH。池子都被他掏空了，DETH/WETH 高度脱锚。… https://t.co/YCVMfcNw3d pic.twitter.com/zvedPpyOf6

— 余烬 (@EmberCN) October 11, 2024

*This is not investment advice.