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 <p class="is-style-lead">After interacting with a malicious link set up by phishing scammers, a crypto whale lost millions in liquid staking derivatives Rocket Pool Ethereum (rETH) and Lido staked Ethereum (stETH).</p> 
 <p>Scammers drained millions in Ethereum (ETH) derivatives from a wallet holder in what blockchain analytics provider Peckshield called a phishing attack. Total losses from the attack are estimated at $24 million in crypto.</p> 
 <p>The crypto whale, a term designated to on-chain addresses with substantial crypto balances, lost 4,851 in Rocket Pool ETH (rETH) worth $8.5 million and 9,579 Lido staked ETH (stETH) valued around $15.6 million&nbsp;</p> 
 <p>Both assets are liquid staking derivatives (LSDs) of Ethereum’s proprietary token Ether (ETH).&nbsp;</p> 
 <p>On-chain data showed that the theft happened over two transactions. The <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> seemingly authorized access to these two LSDs after clicking on a malicious link provided by a <a rel="noopener noreferrer nofollow" title="phishing" href="https://thebittimes.com/tag/phishing.html">phishing</a> scammer.</p> 
 <p>After gaining access to the whale’s wallet, the attacker sent rETH and stETH tokens to an address labeled “Fake_Phishing186943” on block explorer Etherscan.</p> 
 <p>Peckshield added that the stolen assets were swapped for 13,785 ETH and 1.6 million in Maker’s DAI stablecoin. The scammer also sent a portion of DAI, an algorithmic stablecoin; to a non-custodial exchange, FixedFloat, crypto exchange OKX, and a mixing service.&nbsp;</p> 
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    <p lang="en" dir="ltr">#PeckShieldAlert A <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> fell victim to a #<a rel="noopener noreferrer nofollow" title="phishing" href="https://thebittimes.com/tag/phishing.html">phishing</a> attack, losing $24.24M worth of cryptos, including ~4,851 $rETH and 9,579.2 $stETH. <br><br>The phisher has already swapped these $rETH and $stETH for ~13,785 $ETH and 1.64M $DAI. <br><br>A portion of the $DAI (~451K $DAI) has already been… pic.twitter.com/3jPTJWeqw4</p>— PeckShieldAlert (@PeckShieldAlert) September 7, 2023 
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 <p>Crypto phishing attacks work by luring decentralized finance (defi) users with fake links masked as legitimate URLs.&nbsp;</p> 
 <p>Scammers are then able to authorize transactions and withdrawals from the victim’s wallets before siphoning stolen assets through mixers and anonymization tools.&nbsp;</p> 
 <p>The $24 million in ETH derivatives lost to bad actors is one of several similar incidents in 2023. </p> 
 <p>In March, another victim lost $3.8 million in Rocket Pool (RPL) to a phishing scam.</p> 
 <p>Phishing hackers have also targeted non-fungible token (NFT) holders, MetaMask users, X accounts (former Twitter), and even blockchains. </p> 
 <p>On Aug. 22, layer 1 network Terra halted its website to mitigate <a rel="noopener noreferrer nofollow" title="phishing" href="https://thebittimes.com/tag/phishing.html">phishing</a> attacks.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Terra blockchain shuts down its website to prevent phishing 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-whale-losses-over-24m-in-phishing-scam-tbt61952.html">https://thebittimes.com/crypto-whale-losses-over-24m-in-phishing-scam-tbt61952.html</a></p>

Crypto whale losses over $24m in phishing scam

TheBitTimes

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