Monkey Drainer Steals $1M Worth of Crypto in Elaborate Phishing Attack

A phishing scammer who goes by the name – Monkey Drainer – has reportedly stolen 700 ETH worth over $1 million, as per on-chain sleuth ‘ZachXBT.’

The two largest victims – 0x02a and 0x626 – collectively lost $370k after signing transactions on malicious phishing sites operated by the perpetrator.

  • One of the victims, 0x02a, reportedly lost 1 Bored Ape Yacht Club (BAYC) collection, 1 CloneX, 36,000 USDC, and 12 other non-fungible tokens (NFT) totaling around $150,000.
  • The other one, 0x626, held more than $6.2 million worth of crypto but ended up losing only $220k because they rejected the other transaction requests, added ZachXBT.
  • Over the past couple of weeks, Monkey Drainer has managed to scam multiple users. The researcher detailed that the total amount stolen in the scam surpasses $3.5 million and is on a rapid increase.
  • So far, the fraudulent entity has been active for a few months, during which they executed over 7,300 transactions.

“Please be extra diligent before visiting unknown sites, connecting your wallet, and signing transactions.”

  • ZachXBT accused popular crypto influencer Lark Davis of shilled low-cap projects such as – SHOPX, BMI, PMON, XED, and APY – before dumping them on unsuspecting members of the community. In doing so, he reportedly raked in $1 million.
  • 2022 has been a tough year for the crypto market, but that hasn’t deterred the crypto-focused phishing attacks across social media sites.
  • Social media channels – Discord, Telegram, and Twitter – have emerged as a huge hunting ground for crypto scammers.
  • During the second quarter, the blockchain analysis firm CertiK recorded 290 phishing attacks, up 170% from 106 in the first quarter.
  • More recently, hackers targeted several FTX users in such an attack and managed to drain $1.26 million worth of cryptocurrencies.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 68,728.41 0.21%
Ethereum (ETH) $ 2,437.71 1.41%
Tether (USDT) $ 0.999975 0.06%
BNB (BNB) $ 558.94 0.42%
Solana (SOL) $ 162.13 1.45%
USDC (USDC) $ 1.00 0.00%
XRP (XRP) $ 0.508505 0.40%
Dogecoin (DOGE) $ 0.170736 7.86%
Lido Staked Ether (STETH) $ 2,437.35 1.37%
TRON (TRX) $ 0.161558 2.11%