Whale Loses $55.47M DAI In Phishing Attack: A Cautionary Tale

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In a devastating phishing attack, a crypto whale lost 55.47 million DAI due to a careless mistake. The incident unfolded when the whale unknowingly signed an unknown transaction 13 hours ago, inadvertently setting the owner of his 55.47 million DAI in Maker to a phishing address: “0x0000db5c…41e70000.” This critical error allowed the attacker to gain control of the whale’s funds. Later, when the whale attempted to withdraw his 55.47 million DAI, the transaction failed due to the unauthorized change in ownership. The attacker, wasting no time, set the owner of the DAI to a newly created address, “0x5D4b,” and promptly

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