Crypto Whale Loses $55.4 Million in Dai Stablecoins to Phishing Attack
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
A crypto whale has lost approximately $55.4 million worth of Dai stablecoins in a sophisticated phishing attack.
The incident was first reported by on-chain investigator ZachXBT and later confirmed by security firm CertiK.
The attack appears to have been executed using a phishing tool known as Inferno Drainer, which entices victims into providing sensitive information through fake websites or emails that mimic legitimate cryptocurrency exchanges or decentralized finance (DeFi) protocols.
Once the attacker obtained access to the whale’s externally owned account (EOA), they were able to exploit a vulnerability that allowed them to take control of a Maker Vault.
#CertiKInsight
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