As a seasoned researcher with extensive experience in the ever-evolving world of cryptocurrencies, this latest incident serves as yet another stark reminder of the perils that lurk within this intriguing but risky landscape. The reported loss of over $36 million in wrapped Ethereum tokens due to a malicious permit transaction is a grim testament to the sophistication and cunning of cybercriminals operating within the crypto sphere.
A company rumored to be associated with a cryptocurrency investment firm appears to have suffered a loss of approximately $35 million worth of tokens, as a result of a harmful transaction involving permits.
A mystery user, handling Ethereum tokens via the blockchain, experienced a significant loss worth approximately $36 million when they mistakenly executed a harmful transaction involving Wrapped Ether tokens.
Wow! It seems someone (likely associated with ContinueFund) just lost approximately 15,079 fwDETH, equivalent to around $36 million, by approving a “permit” phishing signature only six hours ago! To prevent falling victim to phishing attempts, refrain from clicking on suspicious links and never sign unknown documents. Always double-check before signing anything… Stay vigilant!— Lookonchain (@lookonchain) October 11, 2024
On October 11th in a post on X, the blockchain monitoring account Lookonchain announced that an entity, possibly linked with the crypto venture capital fund Continue Capital, had a loss of 15,079 fwDETH (wrapped ETH tokens on Blast’s chain) due to a fraudulent “permit” signature, which appears to be a phishing scam. As of now, Continue Capital has not issued any public comments regarding this incident.
After following recent updates, the value of fwDETH fell dramatically by over 95% against its trading pair with fwWETH, then recovered to a decrease of approximately 40%. User X, known as @roffett_eth, noted that this price drop might have instigated attacks on financial protocols such as PAC Finance and Orbit Finance. However, the specific details of these attacks are currently uncertain. Neither project has issued any statements regarding this situation so far.
Cryptocurrency scams are growing more complex, frequently posing as genuine requests for user authorization. When users unwittingly comply with these deceitful tactics, they may find themselves victimized by a trick that abuses trust in digital signatures, emphasizing the ongoing dangers lurking within the cryptocurrency sphere.
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2024-10-11 10:48