Ramazan Eles 
A colossal blunder by a cryptocurrency whale has resulted in a staggering loss of $55 million. According to a report by PeckShieldAlert, a sophisticated phishing attack exploited a vulnerability in the whale’s security measures.
Typically known for their significant buying and selling activities that can influence market trends, this whale found themselves on the receiving end of a malicious hack.
The PeckShieldAlert report details how a Maker Vault user fell victim to a phishing scam, losing a substantial 55 million DAI. Cybersecurity firm CertiK suspects that the attacker likely used Inferno Drainer, a notorious phishing tool designed to lure victims into providing their credentials. These malicious actors create fake websites or emails that mimic legitimate exchanges or DeFi protocols, tricking users into revealing sensitive information.
In a series of transactions, the whale inadvertently authorized the transfer of 55.47 million DAI to an address controlled by the attacker. Realizing the error, the whale attempted to recover the funds but was unsuccessful as the DAI had already been irreversibly sent.
The attacker subsequently converted 27.4 million DAI into 10.82 Ethereum. In a subsequent transaction, they exchanged 1.8 billion DAI for 706.5 ETH and transferred 19.4 ETH to a new address.
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