[Blockchain News] On October 11, the ETH wrapped token fwDETH on the Blast chain suffered a major security incident, causing the price to plummet by more than 95%. According to market data, the price of fwDETH rebounded from $85 to $700, but the 24-hour decline was still 63.77%, seriously de-anchored.

The incident originated from a phishing attack on a whale address, which lost 15,079 fwDETH, worth about $35 million. Lookonchain, an on-chain data analysis agency, pointed out that the address may be related to Continue Capital. The market is closely watching the subsequent developments.