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<p>In a shocking crypto heist, a whale accidentally lost $36 million in fwDETH after signing a phishing signature that looked like a legitimate ‘permit.’ The victim, likely linked to @ContinueFund, lost 15,079 fwDETH in this attack. The phishing scam was discovered by Scam Sniffer, a blockchain security detection agency.</p>   
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   https://twitter.com/realScamSniffer/status/1844590237521203610 
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<p>Want to learn more about the details of this high-stakes heist? </p>   
<h2 class="wp-block-heading" id="h-crypto-market-chaos"><strong>Crypto Market Chaos </strong></h2>   
<p>The hacker, identified by the wallet address 0x06…16eC, quickly sold off the stolen fwDETH, resulting in a significant drop in the dETH market. This decentralized asset, which is usually pegged at a 1:1 ratio, plummeted in trading on DuoExchange, hitting lows of 0.06 ETH and fluctuating around 0.27 ETH.</p>   
<h2 class="wp-block-heading" id="h-high-stakes-of-phishing"><strong>High Stakes of Phishing </strong></h2>   
<p>The breach serves as a stark reminder to crypto users. The main <a href="https://x.com/lookonchain/status/1844597644343283985">advice</a>, always read signatures before signing ones and not click on unknown links. To avoid getting phished, it's always best to double-check the details while signing signatures.&nbsp;</p>   
<p>The consequences in the decentralized finance space are that a single phishing signature costs millions of dollars – just as in this attack.</p>   
<p><strong>A costly lesson learned: Always verify, never trust.</strong></p>

Crypto Whale’s $36 Million Loss in fwDETH Phishing Attack Triggers Market Crash

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