Security experts have reported a significant phishing attack that led to the loss of 15,079 Few Wrapped Duo ETH (fwDETH), valued at around $35 million.
Security experts have reported a significant phishing attack that led to the loss of 15,079 Duo ETH (DETH) tokens, valued at approximately $35 million.
The attack occurred when a large-scale holder of DETH unknowingly signed a fraudulent “permit” message, which granted the attacker authorization to drain funds from the victim's crypto wallet. According to blockchain security firms PeckShield and BlockSec, the attacker deceived the victim into signing an offline authorization, allowing for the transfer of tokens.
The incident caused a drastic drop in DETH's price, plummeting from $2,000 to $100 before recovering slightly to $1,160. This event highlights the increasing sophistication of phishing scams within the crypto industry and their impact on market prices.
As reported by Scam Sniffer, a Web3 anti-scam service, the attacker used a phishing link disguised as a Duo NFT airdrop to gain access to the victim's funds. The victim, believing they were participating in an airdrop, signed a "permit" message, which ultimately led to the loss of their crypto assets.
The identity of the attacker and the specific techniques used in the phishing scam are still unknown. However, authorities are investigating the matter to uncover further details and apprehend those responsible for the attack.
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