As the cryptocurrency sector continues to be targeted by hackers, hackers have caught another victim.
According to EmberCN's post, a wallet lost $36 million after using a phishing signature.
EmberCN noted that this wallet address was flagged by Arkham as belonging to the US-based Continue Fund.
He also said that this wallet lost 15,079 fwDETH (worth $36 million) in a phishing attack.
“Arkham's address marked as belonging to the Continue Fund was phished 7 hours ago, losing 15,079 fwDETH ($35.98M).
Then, to quickly convert the stolen assets into safe assets, the phisher directly converted DETH into ETH via Swap.
However, due to the insufficient depth of the DETH pool, 14,079 DETH were only exchanged for 2,288 ETH. The stability of DETH/WETH has been greatly deteriorated.
The value of the assets he stole dropped by 85% from $35.98 million to $5.5 million.”
Experts drew attention to the magnitude of the loss and warned investors, “Do not click on links you do not know and do not sign signatures you do not know to avoid being subject to phishing attacks. Be sure to double-check when signing.”
Following this incident, the price of DETH dropped by 40% in the last 24 hours.
*This is not investment advice.