According to TechFlow, on October 11, Lin Xiahong, co-founder of Continue Capital, posted on the X platform: "I accidentally revealed that I did not retire from the entertainment industry, and I was forced to do charity and made headlines."
Combined with the address that was marked by Arkham as belonging to Continue Fund this morning, it suffered a phishing attack and lost more than $35 million. The victim is suspected to be Lin Xiahong, co-founder of Continue Capital. The attack resulted in the theft of 15,079 fwDETH from his address. The hacker then quickly cashed out through transactions, but due to insufficient liquidity, the value of the assets shrank significantly to about $5.5 million.