Gate News message, April 20 — A coordinated Ethereum phishing attack drained $585,000 from four victims in 11 hours, according to Scam Sniffer. One user alone lost $221,000 in Wrapped Bitcoin (WBTC) after signing a malicious transaction.
Attackers used a phishing link that appeared legitimate to trick users into approving transactions. Once victims signed the malicious transaction, the attacker gained access to their funds and executed transfers within seconds. Unlike direct wallet hacks, this method exploited user permissions rather than breaking into wallets. Scam Sniffer reported that the same drainer targeted multiple victims sequentially, suggesting the attacker used automation tools to increase efficiency and success rates.
The attack demonstrates how quickly funds can be lost through social engineering, even when users believe they are interacting with legitimate platforms.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Spot ETF Sees $467M Net Inflows Overnight, Ethereum ETF Records $97.5M
According to Farside monitoring data, U.S. Bitcoin spot ETFs recorded net inflows of $467 million yesterday (May 5), with BlackRock's IBIT leading at $251 million, followed by Fidelity's FBTC with $133 million and ARK's ARKB with $92.3 million. VanEck's HODL and Grayscale's GBTC experienced minor ou
GateNews2h ago
Trader 'pension-usdt.eth' Faces $18M in Unrealized Losses on BTC Shorts as Hyperliquid's Largest Loss Address
According to BlockBeats citing Hyperinsight, on May 6, trader 'pension-usdt.eth' accumulated $18 million in unrealized losses on Hyperliquid after holding BTC short positions for over 35 days amid Bitcoin's rally above $81,000. The address is now the platform's largest loss maker in the past 7
GateNews2h ago
Ethereum “tokenized U.S. Treasuries” market cap hits a record high of $8 billion
According to data published by Token Terminal on X on May 6, the total market value of tokenized U.S. Treasuries deployed on Ethereum has risen to about $8 billion, setting a new all-time high, with growth of approximately 100% over the past six months; the same day, Joseph Lubin, co-founder of Ethereum, said at the Consensus Miami 2026 conference in Miami that global economic tokenization is inevitable.
MarketWhisper2h ago
Bitmine Stakes Additional 157,344 ETH, Total Staked Reaches 4.71M ETH
According to Onchain Lens, Bitmine staked an additional 157,344 ETH (worth approximately $372.39 million) in a recent transaction. The validator's cumulative staked ETH now totals 4,712,917 ETH, valued at approximately $11.12
GateNews4h ago
Hyperliquid's Largest ETH Bull Adds 99,000 ETH Position Worth $234M, Up $9M Unrealized Gain
According to ChainCatcher, a major whale on Hyperliquid, monitored by crypto analyst Ember Chen, has accumulated a new long position in Ethereum. The whale now holds 99,000 ETH worth approximately $234 million with an average entry price of $2,270 per coin, currently showing an unrealized gain
GateNews4h ago
