{"id":16276,"date":"2024-08-21T13:51:36","date_gmt":"2024-08-21T10:51:36","guid":{"rendered":"https:\/\/forklog.com\/en\/makerdao-user-loses-55-million-in-phishing-attack\/"},"modified":"2024-08-21T13:51:36","modified_gmt":"2024-08-21T10:51:36","slug":"makerdao-user-loses-55-million-in-phishing-attack","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/makerdao-user-loses-55-million-in-phishing-attack\/","title":{"rendered":"MakerDAO User Loses $55 Million in Phishing Attack"},"content":{"rendered":"<p>An unidentified user lost $55.47 million in DAI stablecoin on the DeFi platform MakerDAO due to a phishing attack, as noted by Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">A whale lost 55.47M <a href=\"https:\/\/twitter.com\/search?q=%24DAI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$DAI<\/a> in a phishing attack!<\/p>\n<p>How did it happen??<\/p>\n<p>The whale carelessly signed an unknown transaction 13 hours ago, setting the owner of his 55.47M <a href=\"https:\/\/twitter.com\/search?q=%24DAI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$DAI<\/a> in Maker to the phishing address&#8221;0x0000db5c\u202641e70000&#8243;.<a href=\"https:\/\/t.co\/jpIz4pD043\">https:\/\/t.co\/jpIz4pD043<\/a><\/p>\n<p>When he later tried to\u2026 <a href=\"https:\/\/t.co\/qOkkcbYp4q\">pic.twitter.com\/qOkkcbYp4q<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1826161475049894198?ref_src=twsrc%5Etfw\">August 21, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The incident was also noted by renowned on-chain sleuth <a href=\"https:\/\/t.me\/investigations\/150\">ZachXBT<\/a> and experts from the platform <a href=\"https:\/\/x.com\/realScamSniffer\/status\/1826122978066837952\">Scam Sniffer<\/a>.<\/p>\n<p>Experts highlighted that the investor &#8220;carelessly&#8221; signed an unknown transaction, designating the phishing address as the asset owner.<\/p>\n<p>Realizing the mistake, the whale likely attempted to withdraw the funds, but the protocol blocked the operation due to the confirmed change of ownership.<\/p>\n<p>The perpetrators almost immediately exchanged 27.5 million DAI for 10,625 ETH. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Always double-check a transaction before clicking confirm, and do not authorize unknown requests,&#8221; urged Lookonchain.<\/p>\n<\/blockquote>\n<p>Earlier in 2024, hackers stole nearly $1.6 billion in cryptocurrencies, with the focus of attacks shifting from DeFi projects to centralized exchanges, according to Chainalysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An unidentified user lost $55.47 million in DAI stablecoin on the DeFi platform MakerDAO due to a phishing attack, as noted by Lookonchain. 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1100,1246],"class_list":["post-16276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-makerdao","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"44","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16276"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16275"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}