Crypto:
31856
Bitcoin:
$67.739
% 2.80
BTC Dominance:
%57.5
% 0.21
Market Cap:
$2.29 T
% 1.75
Fear & Greed:
71 / 100
Bitcoin:
$ 67.739
BTC Dominance:
% 57.5
Market Cap:
$2.29 T

Phishing Attack Drains $32M in Spark Wrapped ETH

Crypto Phishing Attack

A wallet ending in “e57” became victim to a sophisticated phishing assault on Sept. 27, draining 12,083 Spark Wrapped Ethereum tokens (spWETH), valued at $32 million. Security company CertiK claims that 10,000 spWEEK, valued at more than $26 million, was first sent to a wallet starting with “0x471c.” Later on, some of these were moved to four more wallets.

1,750 Ether was sent to a wallet beginning with the characters “0x105c.” 2,613 ETH was sent to a wallet starting with “0x278d,” an additional 3,730 ETH to an address beginning with “0x408d,” and, finally, roughly 1,865 ETH was transferred to an address beginning with “0xxfaf2.” Data from Arkham Intelligence indicated that Shixing Mao, the founder of F2 Pool, might have compromised the wallet; this information has not yet been confirmed.

Cryptophishing attempts surged substantially by 215% in August 2024. The August phishing report of security company Scam Sniffer shows that the combined losses from the hostile assaults for the month topped $66 million. Targeting the victim’s proxy ownership, the security company found one wallet missing an incredible $55 million from a single phishing effort.

According to a September 2024 Blockaid analysis, the notorious Angel Drainer—a malicious phishing tool targeting bitcoin users—was upgraded to the more recent AngelX. Within just four days, the recently improved phishing tool distributed over almost three hundred phishing-distributed apps (DApps).

A Blockaid spokesman at the time voiced worries about the improved AngelX phishing tool aiming at “newer” blockchain systems like Tron and The Open Network. A newly enhanced control panel is one of the most concerning aspects of AngelX since it gives malevolent actors unmatched power to design tailored and ever more advanced phishing scams.

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According to a Sept. 11 Scam Sniffer investigation, search engine DuckDuckGo showed bogus Etherscan websites. The security company said that these dangerous links let users connect MetaMask wallets, therefore enabling hackers to access money once the wallets are linked.

 

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