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<a href="https://bitcoinworld.co.in/55-million-in-dai-tokens-stolen-in-sophisticated-phishing-attack/" title="$55 Million In Dai Tokens Stolen in Sophisticated Phishing Attack" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400">Dai Tokens Worth $55 Million Stolen in High-Tech Phishing Operation</li>
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Amid the ongoing crypto market volatility and midterm uncertainty, a Web3 user has fallen victim to a phishing attack, resulting in more than $55 million loss.&nbsp;
<a href="https://twitter.com/CertiKAlert/status/1818603157649281382" rel="noopener noreferrer nofollow">According</a> to an on-chain data analysis conducted by Certik Alert, the attacker, alias Fake_Phishing187019, minted 55,473,618 Dai tokens and immediately began laundering them through different channels.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/CertiKStatsAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CertiKStatsAlert</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">
 Combining all the incidents in July we’ve confirmed ~$270.9m lost to exploits, hacks and scams after ~$7.8m was returned.
 The amount is the second highest monthly loss so far in 2024.
 Exit scams: ~$3m Flash loans: ~$265.8m Exploits: ~$9.8m
 More details… <a href="https://t.co/FCXNe4sGiu" rel="noopener noreferrer nofollow">pic.twitter.com/FCXNe4sGiu</a>
 — CertiK Alert (@CertiKAlert) <a href="https://twitter.com/CertiKAlert/status/1818603157649281382?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 31, 2024</a>
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Reportedly, the attacker managed to drain the $55 million crypto assets by accessing externally owned accounts (EOAs), which operate more or less like normal bank accounts. Furthermore, the owner of EOAs possesses a public key paired with a private key not known to other parties.&nbsp;
Further analysis of the attacker’s address reveals a high determination to conceal and launder as many funds as possible in different amounts. For instance, the attacker sent around $36 million to a single address and then sent $17.5 million to CoW Protocol earlier today.&nbsp;
Meanwhile, the attacker had already begun swapping the assets to Wrapped ETH and BTC&nbsp; by depositing the funds to Uniswap V3.
<h3 id="span-style-font-weight-400-rising-web3-attacks-via-phishing-scams-span">Rising Web3 Attacks Via Phishing Scams</h3>
The Web3 industry has suffered from its extensive success in the past few years. Sophisticated tech has been used to compromise weak security designs for different Web3 platforms.&nbsp;
According to Certik Alert, more than $270 million was lost from different web3 projects in hacks, exploits, and scams, while the attackers only returned $7.8 million in July.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/CertiKInsight?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CertiKInsight</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">
 Inferno Drainer (Fake_Phishing187019) set the owner address of a Maker vault to 0x5d4b2a02c59197eb2cae95a6df9fe27af60459d4 and minted 55,473,618 Dai tokens (~$55M) to it.
 Stay Vigilant! <a href="https://t.co/q4Q91CP1lR" rel="noopener noreferrer nofollow">pic.twitter.com/q4Q91CP1lR</a>
 — CertiK Alert (@CertiKAlert) <a href="https://twitter.com/CertiKAlert/status/1826116902432944390?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 21, 2024</a>
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The WazirX hack, which resulted in the loss of over $230 million, left more retail investors devastated after the attacker deposited the funds into Tornado Cash.
Earlier this week, 4,064 Bitcoins, worth about $238 million, were stolen from a victim and quickly transferred to THORChain, eXch, KuCoin, ChangeNow, Railgun, and Avalanche Bridge.

$55 Million In Dai Tokens Stolen in Sophisticated Phishing Attack

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