The crypto industry has once again been hit by a phishing attack leading to significant financial losses. Continue Fund was the latest victim, losing $36 million.

Details of the Attack

According to EmberCN, a phishing attack led to the loss of 15,079 fwDETH (approximately $36 million) from a wallet belonging to Continue Fund. The wallet's address was flagged by Arkham shortly before the incident, prompting the attackers to act.

Hackers' Response

The attackers swiftly converted the stolen assets by swapping DETH for ETH. However, due to insufficient pool depth, only 14,079 DETH was exchanged for 2,288 ETH, significantly devaluing the assets. As a result, the value of the stolen tokens plummeted by 85%, from $35.98 million to $5.5 million.

Consequences and Advice

Following the incident, DETH's price dropped by 40% in the last 24 hours. Experts strongly advise investors to exercise caution: "To avoid phishing attacks, do not click on unknown links or sign unfamiliar transactions. Always double-check before signing."

The incident serves as a stark reminder of the importance of security in the crypto space. Investors must remain vigilant to avoid falling victim to phishing schemes.