Altcoin Investor Hacked: Millions of Dollars of Profit Caused a Fall!

Cryptocurrency investor lost millions of dollars due to phishing scam.

According to data cited by on-chain analysis platform Lookonchain, a cryptocurrency investor lost approximately $11 million due to a phishing attack.

The data revealed that the investor lost 3,657 Maker (MKR) worth $8.7 million and 2.56 million PT Ethena worth $2.4 million.

The cyber attacker sold 3,657 MKR, worth $8.7 million, stolen from the user, for 2,502 ETH, causing the MKR price to drop by 7%.

However, he disposed of all the assets he stole by converting 2.56 million PT Ethena into 689 ETH worth $2.41 million.

May be linked to CoinStats case

Recently, crypto portfolio tracking application CoinStats said that some iOS users were receiving fraud notifications and that there was a security incident directly affecting wallets created on CoinStats.

While CoinStats stated that approximately 1,590 wallets were affected by this incident, investors were warned to withdraw their assets.