Security

PEPE

Spectrum

A new cryptocurrency phishing attack has resulted in the theft of approximately $1.28 million worth of crypto.
According to blockchain security firm PeckShieldAlert, the incident appears to be connected to a larger scam that occurred just two weeks ago.
<h3 class="whitespace-pre-wrap break-words" id="victim-loses-pepe-apu-and-mstr-tokens">Victim loses PEPE, APU and MSTR tokens</h3>
PeckShieldAlert reported that the address 0xb0b8…40c7 was drained of various cryptocurrencies after the victim signed a malicious phishing permit signature.
The stolen assets include 108 billion PEPE tokens, 73.8 million APU tokens, and 165,000 MSTR tokens.
<blockquote class="twitter-tweet" data-theme="dark">
 <a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#PeckShieldAlert</a> The address 0xb0b8…40c7 has been drained of ~$1.28M worth of cryptos, including 108B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$PEPE</a>, 73.8M <a href="https://twitter.com/search?q=%24APU&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$APU</a>, and 165K <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$MSTR</a>, after signing a <a href="https://twitter.com/hashtag/phishing?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#phishing</a> permit signature. The <a href="https://twitter.com/hashtag/phishing?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#phishing</a> address <a href="https://twitter.com/hashtag/Fake_Phishing442846?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Fake_Phishing442846</a> is linked to the scammers who drained $32M worth of… <a href="https://t.co/fq3a4DD0tD" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/fq3a4DD0tD</a>
 — PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1845645941531189619?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">October 14, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The phishing address, identified as #Fake_Phishing442846, has been linked to the same group of scammers responsible for a recent $32 million theft of Spark Wrapped Ethereum tokens (spWETH).
<h3 class="whitespace-pre-wrap break-words" id="a-september-attack-resulted-in-the-loss-of-32-million">A September attack resulted in the loss of $32 million</h3>
The earlier attack occurred on September 27 and targeted a wallet ending in ‘e57.’ The attack resulted in the loss of 12,083 spWETH tokens.
Security firm <a href="https://x.com/CertiKAlert/status/1839954287184507284" target="_blank" rel="noopener noreferrer nofollow">CertiK</a> provided details on the subsequent movement of these funds, with large portions being transferred to multiple wallets.
Notably, blockchain intelligence firm <a href="https://platform.arkhamintelligence.com/explorer/address/0xAA1582084c4f588eF9BE86F5eA1a919F86A3eE57" target="_blank" rel="noopener noreferrer nofollow">Arkham Intelligence</a> has suggested that the compromised wallet in the $32 million attack may belong to F2Pool founder Shixing Mao, although this information remains unconfirmed.
According to the data from <a href="https://spectrum-search.com/46-million-stolen-the-shocking-surge-of-crypto-phishing-scams-in-september/" target="_blank" rel="noopener noreferrer nofollow">Spectrum Search</a>, the crypto industry witnessed an alarming rise in cryptophishing scams. Data shows that over $46 million in crypto was lost in September.
Over 10,805 victims were affected due to these attacks in September, which brought the overall losses in the third quarter to $126 million. Spectrum Search shared that over 11,000 victims per month were affected during this period.
In several instances, many victims fall prey to the <a href="https://www.cryptopolitan.com/63m-lost-to-crypto-phishing-in-august/" rel="noopener noreferrer nofollow">phishing links</a> that are shared by fake accounts on X or Google ads. Once a user clicks on these links, the chances for the user to lose their data, crypto or wallet access escalate following the subsequent actions done.

$1.28M in crypto stolen in phishing attack linked to attacker from recent $32M scam

Table of Contents

Cryptopolitan_News

Other articles published on Oct 14, 2024

Top 3 Cryptos To Buy Now With Generational Entry Prices: Avalanche (AVAX), Ethereum (ETH) and Lun...

Buterin Sets Out Vision for Ethereum’s Post-Merge Future

Chad Musk (MUSKCHAD) Solana Memecoin Will Explode 19,000% Before Exchange Listing, While Shiba In...

Bitcoin Crosses $64k: Will BTC Price Reach $70k as Open Interest Hits $36B?

BaseSwap’s Rising Volume: The Impact of V3 Liquidity

Rexale.com: Your Go-To Platform for Cryptocurrency Trading

Join our free newsletter for daily crypto updates!