Bitcoin, Ethereum worth $1.8 million stolen in a phishing incident on a fake search website


  • A user was phished by a fake imtoken url on a search website, losing Bitcoin and Ethereum worth $1.8 million.
  • The suspected attacker address 34uE...PjNm received approximately 63 BTC ($1.69 million) from the victim address 3Hnx...8CZN transferred on October 13.
  • As phishing attacks become more sophisticated, investors should be careful when searching for phishing links on websites.

Phishing has become a tempestuous topic in the cryptocurrency industry, with numerous reports of attacks on different ecosystems. Seemingly, the issue’s prevalence has gotten so severe that users are now searching for phishing links online, possibly to crosscheck related stories.

Also Read:Ethereum price: Frog Nation ex-CFO 0xSifu longs ETH with a position size of more than $20 million

Bitcoin and Ethereum worth $1.8 million stolen

Bitcoin (BTC) and Ethereum (ETH) the two leading cryptocurrencies on metrics of market capitalization were involved in a phishing incident on October 13, after a holder searched for a fake imToken url on a fake website.

The fake imtoken website swindled Bitcoin and Ether worth $1.8 million from the user’s address (3Hnx...8CZN), sending 63 BTC tokens worth approximately $1.69 million to another address (34uE...PjNm), likely their own, Arkham Intelligence, a powerful tool for deanonymizing the blockchain shows the transaction history.

Arkham Intelligence

With phishing attacks becoming increasingly sophisticated, it is imperative that users remain vigilant when URLs are concerned. This is especially when financial transactions or sensitive information is concerned. Using trusted sources is critical with a double emphasis on never clicking on suspicious links.

Barely done with the first half of October and almost five ecosystems have fallen victim to exploits. After the attack on Balancer V2 pools in August and a subsequent exploit on the same network’s frontend on September 20, revelations that many crypto enterprises are vulnerable to subdomain/domain hijacking made headlines, citing Doman Name System (DNS) attacks. Galxe, a web3 community platform was also attacked on October 6.

As of October 10, up to 11 Binance accounts had lost almost $450,000 to scammers within a two-week span following phishing attacks, according to Hong Kong police reports, which urged investors to trade using licensed cryptocurrency exchange platforms in the region for better protection.

Before this report, FXStreet also reported an attack on the Beluga Protocol, with the decentralized exchange, which operates as a multichain stableswap to facilitate cross-chain swaps, losing almost 110 ETH, worth almost $170,000.  

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin Price Forecast: Analysts anticipate increased volatility as the US presidential election looms

Bitcoin Price Forecast: Analysts anticipate increased volatility as the US presidential election looms

Bitcoin price teased its all-time high of $73,777 last week but declined to trade below $69,000 on Monday. Analysts suggest that market volatility is expected to rise as the US presidential election approaches.

More Bitcoin News
Litecoin poised for double-digit decline after breaking ascending trendline

Litecoin poised for double-digit decline after breaking ascending trendline

Litecoin breaks and closes below an ascending trendline, signaling a change in market structure. On-chain metrics paint a bearish picture, as LTC’s dormant wallets are active, and the NPL indicator shows a negative spike.

More Litecoin News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP decline ahead of US elections

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP decline ahead of US elections

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) all faced resistance at crucial levels ahead of the US Elections, leading to a price decline. As of Monday, they neared key support levels, and a firm close below these marks could signal further declines.

More Cryptocurrencies News
21Shares files S-1 for XRP ETF amid ongoing tension between Ripple and SEC

21Shares files S-1 for XRP ETF amid ongoing tension between Ripple and SEC

21Shares filed an S-1 registration with the Securities and Exchange Commission (SEC) on Friday for an XRP exchange-traded fund (ETF). While the chance of approval is slim with the current SEC administration, the landscape could change after the upcoming elections.

More Cryptocurrencies News
Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP