The post $32 million phishing scam drains wallet linked to high-profile crypto whale appeared on BitcoinEthereumNews.com.

A prominent crypto whale has lost more than $32 million worth of tokens after signing a malicious transaction, according to blockchain security service ScamSniffer. The breach targeted the victim’s wallet through Spark’s decentralized finance (DeFi) platform and resulted in the theft of 12.083 wrapped ether (spWETH) tokens. 🚨 43 mins ago, someone lost 12,083 spWETH ($32.43M) after signing a “permit” phishing signature.💸 pic.twitter.com/y7PQZW2FZq — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) September 28, 2024 At present prices, the stolen tokens amount to around $32.4 million. The attack was connected to a fraud-based operation called Inferno Drainer. This group has executed widespread assaults on cryptocurrency users across multiple decentralized networks. Arkham Intelligence has identified the wallet as possibly belonging to Shixing Mao, also known as Discus Fish, one of the co-founders of F2Pool and Cobo. However, Arkham’s AI-based identification of the wallet owner has a low confidence level. Even after such a loss, Arkham data reveals that the wallet still contains cryptocurrencies valued at approximately $5.44 million. Victim is allegedly tied to a whale named CZSamSun Inferno Drainer operates by taking a 20% commission on stolen funds. In November 2023, the developers closed the service down, but it came back online in May 2024. The renewed scam claimed to have “new employees,” “improved assistance,” and ” updated functions,” making it more perilous than before. Crypto sleuth ZachXBT also pointed out that the owner of the wallet has been involved in a number of large transactions with another popular account. According to ZachXBT, the wallet owner and the other entity found on the DeBank platform under the name ‘czsamsun’ moved nine-figure sums, which points to the two being related. “Victim and czsamsun on Debank have done 9 figures in transfers with each other, so seems likely it’s the same entity.” ZachXBT Following the…

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Filed under: News - @ September 28, 2024 10:22 pm