Phishing Attack Highlights Risk in Crypto Industry

Thursday, 16 May 2024, 14:39

B3hodlr.eth wallet lost $1.26 million in wstETH to phishing scam, demonstrating ongoing threats in the crypto sector. The incident underscores the need for enhanced cybersecurity measures to safeguard digital assets. Phishing remains a prevalent cybercrime tactic in the crypto community, with increasing sophistication and impact on financial losses.
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Phishing Attack Highlights Risk in Crypto Industry

Phishing Attack Costs Crypto Wallet b3hodlr.eth $1.26 Million in wstETH

The b3hodlr.eth wallet lost 356.7 wstETH, valued at $1.26 million, in a phishing attack, showcasing the persistent risks in the crypto industry.

Phishing Remains a Popular Cybercrime Tactic in the Crypto Industry

PeckShield, a blockchain security company, alerted the community to this attack. On-chain data revealed that the b3hodlr.eth wallet was compromised through a phishing scheme orchestrated by Fake_Phishing187019.

Phishing Attack on b3hodlr.eth Wallet. Source: X/PeckShieldAlert

  • Another recent phishing scam involved wallet address 0xff49, falling victim to Pink Drainer and losing 562.4 stETH, equivalent to $1.66 million.
  • Wallet Drainers, a type of phishing malware, exploit users through fake tokens and malicious transactions.
  • Phishing activities surged in early 2024, resulting in $173 million in losses.

The post highlights the threats posed by phishing scams in the crypto space and the need for robust security measures to combat malicious actors.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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