MakerDAO user loses $55 million in phishing attack

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An unknown user lost $55.47 million in the DAI stablecoin on the MakerDAO DeFi platform as a result of a phishing attack. Lookonchain drew attention to this.

A whale lost 55.47M $DAI in a phishing attack!

How did it happen?

The whale carelessly signed an unknown transaction 13 hours ago, setting the owner of his 55.47M $DAI in Maker to the phishing address"0x0000db5c… 41e70000".https://t.co/jpIz4pD043

When he later tried to… pic.twitter.com/qOkkcbYp4q
— Lookonchain (@lookonchain) August 21, 2024

The incident was also recorded by the well-known on-chain detective ZachXBT and specialists of the Scam Sniffer platform.

Experts noted that the investor "carelessly" signed an unknown transaction, indicating a phishing address as the owner of the assets.

Probably, realizing the mistake, the whale tried to withdraw funds, but the protocol did not miss the operation due to a confirmed change of ownership.

The attackers almost immediately exchanged 27.5 million DAI for 10,625 ETH.

"When signing a transaction, always double-check it before clicking on confirmation and do not authorize unknown requests," Lookonchain urged.
 
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