Over $1M value of ETH, NFTs stolen in phishing assault

A phishing scammer, who goes by the pseudonym “Monkey Drainer,” stole 700 Ethereum (ETH) tokens, value round $1.05 million, over the previous 24 hours, on-chain sleuth ‘ZachXBT’ identified in a Twitter thread.

In phishing scams, miscreants create pretend malicious web sites that masquerade as reliable crypto companies to realize entry to pockets keys and login credentials.

Monkey Drainer’s rip-off pockets has been round for a number of months and has accomplished over 7,300 transactions, the sleuth famous.

Almost 35% of the previous day’s loot was stolen from two victims, who collectively misplaced property value roughly $370,000, in keeping with ZachXBT. The most important sufferer held over $6.2 million value of cryptocurrencies however solely misplaced $220,000 value of property, whereas the opposite transaction requests had been rejected.

The scammer stole a number of non-fungible tokens (NFTs) from the second largest sufferer, together with one Bored Ape Yacht Membership, one Clone X, in addition to $36000 value of USD Coin (USDC), collectively valued at round $150,000.

Monkey Drainer has managed to rip-off a number of individuals over the previous few weeks, with the miscreant’s complete haul hovering round $3.5 million, as per ZachXBT’s estimates.

Earlier this week, crypto alternate FTX CEO Sam Bankman-Fried mentioned that the alternate will compensate phishing victims who misplaced a complete of $6 million value of property. Nonetheless, he warned that it was a one-time exception and identified that phishing must be fought collectively as an business.

Phishing stays one of the well-liked methods of exploitation within the crypto sector. Phishing assaults elevated by 170% in Q2 2022, in comparison with the primary quarter, in keeping with the second quarter Web3 Safety report by blockchain safety agency Certik.

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