2024

USDC

<ul>
 <li><strong>Phishing attacks target wallets, transferring funds to exchanges like Bybit.</strong></li>
 <li><strong>Increased incidents reflect rising cyber threats in cryptocurrency transactions.</strong></li>
</ul>
<p>In a concerning repeat of past events, a wallet labeled “Fake_Phishing189983” has transferred 600,000 <a href="https://coinmarketcap.com/currencies/usd-coin/" rel="noopener noreferrer nofollow">USDC</a> to the cryptocurrency exchange Bybit. This same wallet fell victim to a phishing attack 62 days ago, resulting in the loss of $1.58 million, also sent to Bybit. The recurrence of such incidents highlights the persistent threat of phishing attacks in the crypto space. <a href="https://x.com/PeckShieldAlert" target="_blank" rel="noopener noreferrer nofollow">PeckShield</a>, a prominent blockchain security firm, reported this. It has been actively monitoring and reporting on such incidents.</p>
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 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> <a href="https://twitter.com/hashtag/Fake_Phishing189983?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Fake_Phishing189983</a> labeled address has transferred 600K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> to <a href="https://twitter.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bybit</a> <a href="https://t.co/mNNAKicyXq" rel="noopener noreferrer nofollow">pic.twitter.com/mNNAKicyXq</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1804065056499601797?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 21, 2024</a>
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<p>Phishing, a deceptive practice where attackers trick individuals into divulging sensitive information, has been a significant issue in the cryptocurrency sector. According to a report by Chainalysis, phishing scams accounted for $3.2 billion in <a href="https://thenewscrypto.com/consensys-urges-u-s-irs-to-postpone-crypto-tax-reporting-rules/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> losses in 2022 alone. In 2024, phishing attacks have escalated, with an estimated $4 billion in losses reported so far. These <a href="https://thenewscrypto.com/dormant-hacker-moves-48m-from-orbit-chain-exploit-to-tornado-cash/" target="_blank" rel="noopener noreferrer nofollow">attacks</a> typically involve fake emails, social media messages, or websites designed to look like legitimate entities to steal private keys or login credentials.</p>
<p>The current case involving Phishing189983 is particularly alarming due to its magnitude and repetition. On two separate occasions, large sums were transferred to Bybit, raising questions about the security measures in place. And the effectiveness of responses to such incidents.&nbsp;</p>
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Repeated Phishing Attack on Wallet Transfers $600K USDC to Bybit

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