Ethereum Wallet Suffers from a Massive Phishing Attack, Leading to $24 Million Losses

• An Ethereum wallet owner suffered a massive phishing attack. Furthermore, the identity of this Ethereum wallet owner is unknown. 
• The cybercriminals in the attack stole around $24 million in Ethereum tokens. 

Attacks on crypto holders, especially Ethereum wallet owners, are rampant in the crypto industry. Recently, an unknown Ethereum wallet owner suffered from an attack, leading to massive losses. 

Ethereum Wallet Suffers Phishing Attack 

• According to several reports, an unknown Ethereum wallet suffered a phishing attack, which led to the loss of funds. So, several analysts and experts believe that the process by which the cybercriminals took the funds from the wallet was a phishing attack. 
• Phishing attacks on the Ethereum wallet are one of the oldest methods of stealing in the crypto industry. So, the latest report of theft makes a new record. It stands as one of the largest individual crypto thefts to date. But how did this happen? 

How Much Was Stolen From the Ethereum Wallet Phishing Attack? 

Etherscan 

• According to reports, the owner of this wallet lost access to a staggering $24 million worth of crypto from their Ethereum wallet. Furthermore, the cybercriminals in this attack stole mainly two tokens. These two tokens involved in the theft were mainly Ethereum-pegged tokens. 
• From verified data, the stolen assets included 4,851 Rocket Pool ETH (rETH), worth some $8.5 million. Furthermore, the next token involved in this theft was around 9,579 Lido Staked ETH (stETH), and they were worth around $15.6 million. Note that the worth of these tokens is according to their price when the theft happened. 
• The details of this attack show that highly trained and professional cybercriminals were behind the attack. So, it was so quick that even the wallet owner might not notice the attack until after many minutes. IT security firms such as Beosin and BlockSec have analyzed the incident, and they say that a phishing attack was the most likely explanation for the attack. Furthermore, this phishing attack made the affected parties grant the cybercriminals access to the wallet. 

How to Stop Phishing Attacks from Happening? 

• Phishing attacks are a major way hackers gain access to crypto wallets. So, what they do is that they use deceptive emails, texts, or phone calls to trick their victims into sending sensitive information. Although this attack is widespread and long-standing, many people still fall for it. 
• The best way to stop it is not to click on malicious links and emails. Furthermore, don’t respond to any messages or calls asking for your wallet’s private keys. Granting access to things like this leads to a successful attack. 

Conclusion 

New on-chain data shows that an unknown Ethereum wallet suffered a massive phishing attack. So, this attack made the Ethereum wallet lose as much as $24 million. The two tokens stolen by the cybercriminals are Rocket Pool ETH (rETH) and Lido Staked ETH (stETH). Furthermore, one can stop phishing attacks by not clicking on malicious emails and links. 

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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company