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DeFi News

Crypto Whale Lost $24M Worth stETH and rETH In Phishing Scam

Onchain data reveals the hacker has transferred 701 ETH to the crypto mixer Tornado Cash.

Written By Gopal Solanky
Published 2023-09-08·Updated 2 years ago
Make The Crypto Times preferred on GoogleGoogle
Crypto Whale Lost $24M Worth stETH and rETH In Phishing Scam

An anonymous user has lost approximately $24.23 million of crypto assets in a phishing scam. The stolen assets include 9579 stETH and 4850 rETH.

The Web3 scam reporter, Scam Sniffer, shared a post citing that the user has lost a total of $24.23 million of crypto by giving token approval to the scammer. 

The victim approved token transfers by signing ‘increaseAllowance” transactions to an address that is reportedly associated with many phishing sites.  

A crypto tracking and compliance platform, MistTrack said that the scammer has transferred some of the funds to Fixed Float, an instant crypto exchange, while sending most of the remaining funds to three different addresses.

In a latest update, MistTrack shared that the hacker has transferred 701 ETH to the crypto mixer Tornado Cash.

While tracking down the attack, MistTrack asked the victim to contact their team as they can provide information regarding the hacker.

Also Read: British Woman Lost Around $200,000 of Her Life Savings in a Crypto Scam

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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