A significant loss of approximately $35 million worth of Few Wrapped Duo ETH (fwDETH) tokens occurred in a recent phishing attack on the Blast network. The victim, a crypto whale, fell prey to the attack after unknowingly signing a fraudulent 'permit' signature, enabling the attacker to drain funds from their wallet. Few Wrapped Duo ETH (fwDETH) is a wrapped version of Duo ETH (DETH), a derivative of Ethereum issued by the decentralized finance (DeFi) protocol Duo on the Blast network. The attacker exploited the signed permit message to steal 15,079 fwDETH tokens from the victim's account. This incident not only impacted the whale but also caused a sharp decline in the price of DETH and fwDETH. The attack highlights the ongoing security risks in the crypto space, prompting increased scrutiny on the Blast network and its associated protocols. Read more AI-generated news on: https://app.chaingpt.org/news