Cryptocurrency
[loss] $55M+
Tweet by Lookonchain
Primary Source ↗Financial Loss
$55.5M
(55,473,618 USD)
Blockchain(s)
Ethereum
Incident Details
Someone holding almost $55.5 million in the DAI stablecoin was apparently phished, signing a transaction to reassign ownership of their DAI stash to a phishing address. The victim appeared to realize their error several hours later, attempting to withdraw the tokens only to have the transaction fail since they were no longer the owner of the assets.The attacker later moved the stablecoins to a new wallet, and exchanged about half of them for 10,625 ETH.
Total loss estimated at $55,473,618.
Technical Details
- Initial Attack Vector
- Phishing attack
- Vendor / Product
- Crypto holder
Timeline
- 2024-08-20 Breach occurred
- 2024-08-20 Publicly disclosed