{"id":23425,"date":"2024-06-24T14:00:13","date_gmt":"2024-06-24T11:00:13","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23425"},"modified":"2024-06-24T10:12:04","modified_gmt":"2024-06-24T07:12:04","slug":"mkr-suffers-11-m-loss-to-phishing-hack","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/","title":{"rendered":"MKR Token Down 7% Post $11M Phishing Scam"},"content":{"rendered":"

After a governance delegate lost $11 million in digital assets to a clever phishing attempt, MakerDAO’s<\/strong> MKR<\/strong> token saw a notable drop.<\/p>\n

Blockchain security company Scam Sniffer said earlier in the day that a crypto investor was duped into signing a harmful permission phishing signature. This meant the loss of 2.56 million PT Ethena tokens, valued at $2.4 million, and 3,656 MKR<\/strong> tokens, valued at $8.7 million.<\/p>\n

Examining the victim’s address on the Arkham Intelligence platform, it turned out that it was connected to a MakerDAO<\/strong> governance delegate. Selected by their community, these delegates reflect MKR<\/strong> holders in voting procedures.<\/p>\n

Although all MKR<\/strong> holders are involved in governance, many choose to give these representatives their voting powers. This practically gives them major control over the operations and policies of the protocol.<\/p>\n

\u201cThis is a real big spender. Three permit offline authorization signatures were stolen by a phishing website, resulting in a loss of approximately $11 million,<\/em>\u201d Yu Xian, creator of blockchain security firm SlowMist, stated.<\/p>\n

Impact on MKR Token Price<\/h2>\n

According to Lookonchain, the blockchain analysis tool, the thief had turned the pilfers into Ethereum following their theft. Resulting from this action, MKR’s<\/strong> price dropped 7% to $2,219. As of press time, the token has somewhat rebounded to $2,374.<\/p>\n

Etherscan has assigned the address of the exploiter to be a phishing wallet. It has around $760,000 in different digital assets.<\/p>\n

This event also highlights the continuous threat of phishing attempts in the domain of digital assets. Usually, these programs entail con artists creating fictitious social media profiles to pass for official projects. These stories then entice victims to dangerous websites where sensitive data is compromised, usually with reference to counterfeit verification badges.<\/p>\n

Following a temporary break due to increased demand last month, Inferno Drainer\u2014a well-known draining-as-a-service (DAAS) provider\u2014resumed activities. This service was linked to the theft of $6.9 million worth of 1,807 Ether.fi-Liquid1 tokens.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

After a governance delegate lost $11 million in digital assets to a clever phishing attempt, MakerDAO’s MKR token saw a notable drop. Blockchain security company Scam Sniffer said earlier in the day that a crypto investor was duped into signing a harmful permission phishing signature. This meant the loss of 2.56 million PT Ethena tokens,<\/p>\n","protected":false},"author":6,"featured_media":23428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1024,6060,6974],"class_list":["post-23425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-makerdao","tag-phishing","tag-phishing-hack"],"yoast_head":"\nMKR Token Down 7% Post $11M Phishing Scam - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MKR Token Down 7% Post $11M Phishing Scam - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"After a governance delegate lost $11 million in digital assets to a clever phishing attempt, MakerDAO’s MKR token saw a notable drop. Blockchain security company Scam Sniffer said earlier in the day that a crypto investor was duped into signing a harmful permission phishing signature. This meant the loss of 2.56 million PT Ethena tokens,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-24T11:00:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-24T07:12:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/makerdao.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/\",\"name\":\"MKR Token Down 7% Post $11M Phishing Scam - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/makerdao.jpg\",\"datePublished\":\"2024-06-24T11:00:13+00:00\",\"dateModified\":\"2024-06-24T07:12:04+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/makerdao.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/makerdao.jpg\",\"width\":1200,\"height\":630,\"caption\":\"MakerDAO MKR\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MKR Token Down 7% Post $11M Phishing Scam\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MKR Token Down 7% Post $11M Phishing Scam - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/","og_locale":"en_US","og_type":"article","og_title":"MKR Token Down 7% Post $11M Phishing Scam - Coin Engineer","og_description":"After a governance delegate lost $11 million in digital assets to a clever phishing attempt, MakerDAO’s MKR token saw a notable drop. Blockchain security company Scam Sniffer said earlier in the day that a crypto investor was duped into signing a harmful permission phishing signature. This meant the loss of 2.56 million PT Ethena tokens,","og_url":"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/","og_site_name":"Coin Engineer","article_published_time":"2024-06-24T11:00:13+00:00","article_modified_time":"2024-06-24T07:12:04+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/makerdao.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/","url":"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/","name":"MKR Token Down 7% Post $11M Phishing Scam - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/makerdao.jpg","datePublished":"2024-06-24T11:00:13+00:00","dateModified":"2024-06-24T07:12:04+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/makerdao.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/makerdao.jpg","width":1200,"height":630,"caption":"MakerDAO MKR"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/mkr-suffers-11-m-loss-to-phishing-hack\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"MKR Token Down 7% Post $11M Phishing Scam"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/23425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=23425"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/23425\/revisions"}],"predecessor-version":[{"id":23431,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/23425\/revisions\/23431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/23428"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=23425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=23425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=23425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}