A current phishing assault has left a crypto investor reeling from the lack of 501 ETH, value roughly $2 million, staked through the liquid resttaking protocol Ether.Fi.
Information from the chain reveals that the theft occurred earlier in the present day and concerned two transactions. One transaction transferred 426 ETH, adopted by one other 75 ETH in a subsequent transaction. On the time of the assault, these stolen belongings had been valued at roughly $1.6 million and $276,000 respectively.
Because of the theft, the pockets’s web value plummeted by over 99.93%, leaving solely €1,453 left.
Rip-off Sniffer, a Web3 safety platform, identified the assault makes use of an “IncreaseAllowance” transaction, a signature usually related to phishing schemes that permits attackers to achieve entry to funds with out the sufferer’s consent.
Greater than $100 million misplaced to phishing fraud
This incident comes amid a wave of phishing assaults focusing on the sector this yr.
In accordance with knowledge from Rip-off Sniffer, $104 million was defrauded from roughly 97,000 crypto customers within the first months of this yr as a result of phishing assaults. In January, losses had been $57.7 million, adopted by $46.8 million in February.
A assessment of the assaults reveals that Ethereum customers had been victimized and misplaced $78 million in belongings, together with ETH and ERC20 tokens.
The principle technique utilized by cybercriminals was to trick victims into signing malicious phishing signatures, equivalent to ‘Uniswap Permit2’ and ‘increaseAllowance’, which allowed the malicious gamers to achieve unauthorized entry to their victims’ funds.
“Nearly all of thefts of all ERC20 tokens had been as a result of asset theft ensuing from signing phishing signatures equivalent to Allow, IncreaseAllowance and Uniswap Permit2,” Rip-off Sniffer explains.
Rip-off Sniffer revealed that the majority victims fell prey to deceptive feedback on social media platforms, particularly X (previously Twitter). The attackers usually pose as respectable crypto organizations to lure unsuspecting people to phishing websites the place their digital belongings are stolen.
The submit Greater than $2 Million in Ethereum Stolen in Subtle Phishing Scheme appeared first on CryptoSlate.
