tldr; A crypto whale lost $36 million in a phishing scam, leading to the depegging of DETH from ETH. The attack, linked to the Angel Drainer phishing group, involved draining 15,079 fwDETH. The stolen DETH was swapped for ETH, but insufficient liquidity resulted in a major decoupling, causing the value to drop by 85%. The incident affected DeFi markets, with Duo Exchange acknowledging the attack but assuring protocol safety. Phishing scams remain a significant issue, contributing to substantial losses in the crypto sector.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
sadiq_238 on
While that seems a lot to us peasants I’m sure it was just dimes to him lol
Drizznarte on
Not surprised it’s on Ethereum, scam central .
hiorea on
The value of the stolen assets plummeted by 85%, from $35.98 million to $5.5 million.
Scammer scammed himself lol
porpoisebuilt2 on
Possibly, IMO, the only thing trad fi has on the crypto sphere is insurance (to some extent). If governments want to tax crypto gains they should bloody well help people, regardless of holdings, to not be scammed as viciously and seemingly more often……ever more sophisticated these bastards are becoming. Apologies for harshness, just can’t stand anyone taking what they haven’t earned.
5 Comments
tldr; A crypto whale lost $36 million in a phishing scam, leading to the depegging of DETH from ETH. The attack, linked to the Angel Drainer phishing group, involved draining 15,079 fwDETH. The stolen DETH was swapped for ETH, but insufficient liquidity resulted in a major decoupling, causing the value to drop by 85%. The incident affected DeFi markets, with Duo Exchange acknowledging the attack but assuring protocol safety. Phishing scams remain a significant issue, contributing to substantial losses in the crypto sector.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
While that seems a lot to us peasants I’m sure it was just dimes to him lol
Not surprised it’s on Ethereum, scam central .
The value of the stolen assets plummeted by 85%, from $35.98 million to $5.5 million.
Scammer scammed himself lol
Possibly, IMO, the only thing trad fi has on the crypto sphere is insurance (to some extent). If governments want to tax crypto gains they should bloody well help people, regardless of holdings, to not be scammed as viciously and seemingly more often……ever more sophisticated these bastards are becoming. Apologies for harshness, just can’t stand anyone taking what they haven’t earned.