A phishing scam has led to the loss of over $100,000 in cryptocurrency across multiple blockchains.
PeckShield – a Blockchain-based security company – reports the loss of 237.8 Billion OSAK, worth $66,682, from the defi Osaka Protocol project, as well as 287 billion tokens CAW, valued at $26,490.
The Ethereum network also suffered the theft of 213 HIGH, worth $938 as well as 426 USDT. Other assets stolen include 3,000 USDC from BNB Chain as well as 0.5 PENDLE, 0.1 WBTC and 0.2 WBTC in Arbitrum. The address was still holding $7,000 worth of crypto assets at the time the report was filed.
The exploiter is a person who tries to take advantage of others. address The stolen assets were still in the account at the time of last checking, with a combined balance of about $220,000. They exploited their victim with a “multi-call” function which allowed multiple smart contracts functions to be carried out in a single payment.
Hackers use this to trick users into signing transactions with what appear as legitimate functions, but are actually malicious. This code allows the attacker to manipulate contracts or transfer money without user consent.
The crypto-space has seen a few phishing attempts this year. However, they have been less frequent. Recenty, an unknown market participant fell A scam that resulted in the loss of USDC over 674 000, highlights how dangerous these schemes are.
This incident is similar to other phishing incidents reported A victim was robbed of three Bored Ape Yacht Club NFTs worth $145,000 earlier in the month. The theft involved three BAYC NFTs.
Then there’s another incident A trader reported losing over $180,000 USDC and Andy Tokens in April 2024. They used the same multi-calling tactic by combining several function calls in a single transaction. The result was that funds were transferred from the victims’ address to multiple wallets.
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Source: crypto.news