A scammer who had successfully stolen nearly $3.4 million in cryptocurrencies fell victim to a hacker during a front-running sandwich attack.
Key Takeaways
- Cybersecurity firm PeckShield detected a case of a scammer stealing nearly $3.4 million in cryptocurrencies through a phishing scam and then falling victim to a hacker in a sandwich attack.
- The sandwich attack is a form of front-running that involves strategically targeting decentralized finance (DeFi) protocols and services by manipulating asset prices through simultaneous front-running and back-running maneuvers.
- In this attack, the malicious actor first identifies pending transactions and places orders to precede and follow them closely. This “sandwiches” the original transaction, allowing the attacker to manipulate asset prices.
- The attacker then acquires the asset the victim intends to swap to, anticipating an increase in its value.
Scammer Loses Stolen Funds
A scammer stole $3.4 million in cryptocurrencies through a phishing scam but fell victim to a hacker during a sandwich attack, highlighting the risks in the crypto space.
Scammers…. HOW DID YOU GET HERE….
— DeepReviewTv 🎙️📺📈 (@DeepReviewTv) November 15, 2023
NO ONE SHOULD INTERACT WITH HELP LINK THIS SCAMMER IS PROPOSING. ELSE YOUR WALLET WOULD GET HACKED
The sandwich attack is a form of front-running targeting DeFi protocols, where attackers manipulate asset prices by placing orders to precede and follow pending transactions.
SlowMist warns of a new phishing technique using URLs disguised as legitimate transfer addresses, allowing scammers to steal users’ funds.
Telegram Phishing Scam
Scammers on Telegram trick users into transferring small amounts to a “public chain” address, enabling them to steal the entire balance in users’ accounts.
A new phishing scam targets friend.tech users, with attackers posing as fake journalists to steal passwords and tokens associated with their accounts.
To Conclude
There is a new phishing scam targeting friend.tech users, involving fake journalists who arrange interviews with Key Opinion Leaders (KOLs). The scammers gain victims’ trust by appearing as reputable journalists and even scheduling interviews.
