Cryptocurrency [loss] $2M+

Tweet thread by ScamSniffer

2024-03-13 [vendor] ether.fi phishing [chain] ethereum
Primary Source ↗
Financial Loss $2.0M (2,025,000 USD)
Blockchain(s) Ethereum

Incident Details

An Ethereum holder who had been staking their ETH through a liquid restaking protocol called Ether.fi suffered a 501 ETH (~$2.025 million) loss when they fell victim to a phishing scam. They inadvertently signed a malicious transaction that granted the attacker “increase allowance” permissions, enabling them to siphon almost the entire sum of funds from the wallet. The individual was left with less than $1,500 in the wallet.

Total loss estimated at $2,025,000.

Technical Details

Initial Attack Vector
Phishing attack
Vendor / Product
ether.fi phishing

Timeline

  1. 2024-03-13 Breach occurred
  2. 2024-03-13 Publicly disclosed