🚨 Breaking Crypto News! 🚨

An entity linked to Continue Capital has lost a whopping $36M in wrapped ETH tokens due to a malicious "permit" phishing transaction. The incident, reported by Lookonchain, saw 15,079 fwDETH vanish, causing the token's price to nosedive by 95% before rebounding to a 40% decline.

- The phishing attack exploited user trust in digital signatures.

- The price drop led to attacks on PAC Finance and Orbit Finance.

- Neither Continue Capital nor the affected protocols have commented yet.

Stay vigilant! Double-check all transactions. Share your thoughts below! 💬

#CryptoNews #PhishingAlert