One-click permission caused $35 million in crypto loss

A new one has been added to the phishing link attacks that have increased significantly especially in 2023, and an account lost $35 million. It is not known which person or company the account belongs to that allowed the hacker to take control of the wallet with a single click.

One-click permission caused $35 million in crypto loss

According to the information provided by the Scam Sniffer platform, which is known for its efforts to prevent scams and especially phishing/bait link attacks regarding cryptocurrencies, an account lost $35 million as a result of its historic mistake.

In the incident that took place tonight, the account that pressed the bait signature button allowed the hacker to take control of the wallet. The account that seized 15079 fwDETH immediately sold the tokens. After the fwDETHs were sold, the DETH price also dropped by more than 90%.

It is stated that PAC Finance and Orbit Finance protocols, which host a lot of fwDETH, may also experience serious problems due to this situation.

It is not known which company or person the account that lost belongs to, but it is thought to belong to Continue Fund, which invests in blockchain and DeFi projects. The company has not made a statement yet.

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