Crypto phishing scam results in investor losing more than $100,000.
An investor has fallen prey to a phishing attack, resulting in the loss of more than $101,000 in various cryptocurrencies across multiple blockchains.
According to the Blockchain security firm PeckShield, the affected address lost a staggering 237.8 billion OSAK tokens, valued at $66,682, from the defi project Osaka protocol. Additionally, 287 billion CAW tokens, worth $26,490, were also stolen.
Furthermore, the attacker managed to steal 213 HIGH tokens, amounting to $938, and 426 USDT on the Ethereum network. The hacker also made away with 3,000 USDC on the BNB Chain, along with 0.5 PENDLE and 0.1 WBTC on Arbitrum. As of now, the address still holds approximately $7,000 in crypto assets.
Interestingly, the exploiter’s address still contains the stolen assets, totaling around $220,000 across various chains. The attacker took advantage of the victim by utilizing a multi-call function, which enables the execution of multiple smart contract functions in a single transaction.
Hackers exploit this method by deceiving users into signing seemingly legitimate transactions that include malicious multi-call functions. This malicious code allows the attacker to transfer funds or interact with contracts without the user’s consent, ultimately resulting in the loss of assets.
Phishing attacks have become a recurring issue in the crypto space this year, although their frequency has decreased. Recently, an unidentified individual fell victim to a similar scam, resulting in a significant loss of over $674,000 in USDC, highlighting the ongoing threat posed by these fraudulent schemes.
Furthermore, this incident mirrors previous phishing attacks, where a victim lost $145,000 worth of Bored Ape Yacht Club (BAYC) NFTs. In that particular case, three BAYC NFTs were stolen.
In another incident reported in April 2024, a trader lost over $180,000 in USDC and Andy tokens. The attackers employed a similar multi-call tactic, combining multiple function calls into a single transaction, which led to funds being transferred from the victim’s address to wallets controlled by the hackers.
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