Crypto whale loses $36M in major phishing scam causing DETH depeg
Blockchain security firm Scam Sniffer reported that a crypto whale’s address was drained of 15,079 fwDETH, worth approximately $36 million, in a phishing scam.
Data from Arkham Intelligence suggest that the phished address might be linked to the venture firm Continue Capital. The firm has yet to comment on the incident
Meanwhile, Yu Xian, the founder of blockchain security firm SlowMist, linked the attack to the Angel Drainer phishing group, a known provider of “draining-as-a-service” (DAAS).
Typically, wallet drainers supply scammers with phishing tools like fake social media accounts, websites, and others in return for a share of the stolen funds. In 2023, these phishing services contributed to the theft of $295 million from…
