Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 325
    CryptoMarketNewsSponsored Article

    Brett Price Prediction: Brett Hits $0.0556, While Troller Cat Climbs to $0.000017 With 69% APY Staking Power

    What if the next 60x meme coin wasn’t already at the top…

    By
    Benedikt Krüger
    May 31, 2025
    image 313
    CryptoMarketNewsSponsored Article
    Missed the Popcat Boom? Buy TCAT Now Before This Cat Jumps from $0.00001458 to $0.0005309
    May 31, 2025
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    NewsCrypto
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    May 30, 2025
    image 30 May 2025 12 40 50
    CryptoMarketNews
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    May 30, 2025
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    NewsBitcoinCrypto
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    May 30, 2025
  • Cryptocurrency
    image 325
    Brett Price Prediction: Brett Hits $0.0556, While Troller Cat Climbs to $0.000017 With 69% APY Staking Power
    10 Min Read
    image 313
    Missed the Popcat Boom? Buy TCAT Now Before This Cat Jumps from $0.00001458 to $0.0005309
    7 Min Read
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    7 Min Read
    image 30 May 2025 12 40 50
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    3 Min Read
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    5 Min Read
    Bybit MiCAR license
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Phishing Scammer Reawakens, Moves $2.7M After $55.4M DAI Heist
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Phishing Scammer Reawakens, Moves $2.7M After $55.4M DAI Heist
News

Phishing Scammer Reawakens, Moves $2.7M After $55.4M DAI Heist

Phishing Scammer Reawakens, Moves $2.7M After $55.4M DAI Heist
Phishing Scammer Reawakens, Moves $2.7M After $55.4M DAI Heist
Kılıçarslan Cemil
Last updated: August 27, 2024 8:56 am
By
Kılıçarslan Cemil
Published August 27, 2024
4 Min Read
Share

In a concerning development within the cryptocurrency world, a phishing address that previously stole $55.4 million in DAI has reawakened, triggering alarm across the crypto community. The address, flagged by the blockchain security firm PeckShieldAlert, has reportedly moved $2.7 million worth of digital assets to the crypto exchange eXch over the past two days. These assets include $1.145 million in DAI and approximately 708 ETH.

Contents
The Initial Phishing AttackA Growing Concern in 2024

PeckShieldAlert made this announcement via their social media channels, drawing immediate attention to the ongoing activities of the scammer behind the notorious “Fake_Phishing442897” address. This address was first flagged after it drained a substantial amount of DAI from a whale’s account in a phishing attack just a few days earlier.

Phishing Scammer Reawakens, Moves $2.7M After $55.4M DAI Heist

The transactions from this flagged address are particularly concerning. The scammer appears to be systematically dispersing the stolen funds to various unidentified wallets, making it increasingly difficult to trace and recover the assets. While many of these transfers involved relatively smaller amounts, such as 21 ETH, there were notable exceptions. Some transactions were significantly larger, with sums of 61 ETH and even 300 ETH being moved at once.

The quick and strategic movement of these funds suggests that the attacker is keen on making the recovery of the stolen assets as challenging as possible. Most of these suspicious transactions occurred on August 24, highlighting the urgency of the situation.

The Initial Phishing Attack

According to reports by Lookonchain, the initial phishing attack that led to this large-scale theft was reported on August 21, where the whale/vicitim, unknowingly signed a malicious transaction. This transaction granted the scammer full control over the whale’s DAI, amounting to a staggering 55.47 million.

After gaining access to the funds, the scammer quickly moved the stolen DAI into a new wallet and began converting it into Ethereum using decentralized trading protocols. By the time the scam was reported, the attacker had already managed to swap 27.5 million DAI for approximately 10,625 ETH, further complicating efforts to track and recover the funds.

A Growing Concern in 2024

Phishing Scammer Reawakens, Moves $2.7M After $55.4M DAI Heist

Despite ongoing efforts to enhance security, the cryptocurrency sector remains highly vulnerable to such attacks. Approximately $319 million of the stolen assets were recovered during the first half of 2024, but the majority remains unaccounted for.

DeFi (decentralized finance) protocols, in particular, have been a primary target for hackers, making up 59% of the total value stolen in these incidents. Among the most affected cryptocurrencies, Ethereum, Bitcoin, and XRP have been at the forefront, with Ethereum and BNB Chain alone accounting for 31.3% of all hacks. Arbitrum, another blockchain network, also faced significant attacks, making up 12.5% of the total hacks.

The resurgence of activity from this phishing address is a chilling reminder of the persistent and evolving threats in the crypto space. As the situation unfolds, security firms and exchanges will need to stay vigilant to mitigate further losses and prevent similar incidents. 

For more news and updates on the cryptocurrency industry, stay tuned to DeyThere.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Bitcoin-Focused Metaplanet Launches $13M Zero-Interest Bond Drive

EOS Reborn as Vaulta: Pioneering the Future of Web3 Banking

How Bitcoin Spot ETFs Break 7-Day Outflow Streak with $13.3M Inflow

Bitcoin Boosted by Fed’s 50 Basis Point Rate Cut: What Does It Mean for the Market?

Willy Woo Shares His Bitcoin Price Predictions: “Within One to Three Weeks…”

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByKılıçarslan Cemil
Cemil Kılıçarslan is a blockchain and cryptocurrency expert with 8 years of experience in the field. Starting his career in traditional finance, Cemil shifted his focus to blockchain after realizing its potential to disrupt existing financial systems. He has been involved in numerous international projects, ranging from the development of blockchain-based payment systems to consulting on cryptocurrency regulations. Cemil is particularly known for his expertise in blockchain scalability and security. At DT NEWS, he delivers thorough analyses and thought-provoking commentary on the global crypto market, helping readers navigate the complexities of blockchain technology and its applications.
Previous Article Stablecoin Market Capitalisation Hits Historic Peak of $168 Billion Stablecoin Market Capitalisation Hits Historic Peak of $168 Billion
Next Article Whales Latch on the Buy-on-Dips Opportunity in Toncoin, Amass 13 Million Tokens Whales Latch on the Buy-on-Dips Opportunity in Toncoin, Amass 13 Million Tokens
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English