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.
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