Crypto Whale Loses $55 Million In DAI Stablecoin to Phishing Attack !!

According to a report by on-chain sleuth ZachXBT, a crypto whale lost $55.4 million worth of the DAI stablecoin after falling for a phishing attack that tricked the whale into signing a transaction that transferred the ownership of the user’s DSProxy to a new address controlled by the attacker.

Notably, this allowed the attacker to mint 55,473,618 DAI from a Maker vault previously controlled by the user’s externally owned account.

#CryptoWhale #CryptoUpdates #MtGoxRepayments #BinanceLaunchpoolDOGS #CryptoMarketMoves