Trader Loses $11.1 Million In Weekend Phishing Scam

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A trader fell victim to a phishing attack over the past trading weekend, losing a staggering $11.1 million after inadvertently signing fraudulent transactions. The scam resulted in the theft of 3,657 MKR tokens, valued at $8.7 million, and 2.56 million PT Ethena tokens worth $2.4 million. Someone lost $11.1M in a phishing attack 5 hrs ago! He was exploited for 3,657 $MKR($8.7M) and 2.56M PT Ethena tokens($2.4M). The exploiter sold 3,657 $MKR for 2,502 $ETH($8.7M), causing the price of $MKR to drop by 7%. And swapped 2.56M PT Ethena tokens for 689 $ETH($2.41M).… pic.twitter.com/PNcQNCZ9Pc — Lookonchain (@lookonchain) June 23, 2024

The post Trader Loses $11.1 Million In Weekend Phishing Scam appeared first on The Merkle News.

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