According to the monitoring of on-chain analyst Yu Jin, the address marked by Arkham as suspected to belong to Continue Capital lost 15,079 fwDETH (US$35.98 million) in a phishing attack 7 hours ago.

Then, in order to quickly convert the stolen assets into safe assets, the phishing implementer directly exchanged DETH back to ETH through Swap. However, due to the insufficient depth of the DETH pool, 14,079 DETH was only exchanged for 2,288 ETH. The pool was emptied by him, and DETH/WETH was highly unpegged.

The value of the assets he stole directly shrank by 85%: from US$35.98 million to US$5.5 million.