On September 27, a wallet ending in 'e57' fell prey to a sophisticated phishing attack that left the wallet drained of 12,083 Spark Wrapped Ethereum (spWETH) tokens, valued at $32 million.
Incident details
According to CertiK, 10,000 spWETH, valued at approximately $26 million, was initially sent to a wallet beginning with '0x471c.' A portion of these funds was subsequently transferred to 4 additional wallets. 1,750 Ether (ETH) was transferred to a wallet beginning with '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, approximately 1,865 ETH was transferred to an address beginning in '0xfaf2.'
Rise in phishing attacks in August 2024
In August 2024, crypto phishing attacks rose sharply by 215%. According to Scam Sniffer's August phishing report, total losses from the malicious attacks for the month exceeded $66 million. The security firm identified one wallet that lost a whopping $55 million in a single phishing attack targeting the victim's proxy ownership.
Search engines displaying phishing links
A Sept. 11 report from Scam Sniffer revealed that search engine DuckDuckGo displayed fraudulent Etherscan sites. The security firm warned that these malicious links prompt users to connect MetaMask wallets — leading to hackers being able to access funds once the wallets are connected.
The incident highlights the need for increased security of cryptocurrency wallets and caution when interacting with unknown sources. The growing level of phishing attacks requires users to pay more attention to their digital assets.
Comments