BNB Whale Drained of $13.5M in DPRK-Linked Phishing Attack
The post BNB Whale Drained of $13.5M in DPRK-Linked Phishing Attack appeared on BitcoinEthereumNews.com. In brief A Binance Smart Chain user fell victim to a phishing scam and lost $13.5 million worth of tokens on Tuesday. Early reports suggested that BNB lending platform Venus Protocol had been hacked, but blockchain security firms subsequently confirmed that this was not the case. Venus Protocol and security firm PeckShield are in contact with the victim and are attempting to recover the funds that still sit in the attacker’s wallet. A user on the Binance Smart Chain has lost $13.5 million to a phishing scam, according to security experts and those who have spoken with the victim. Several groups are now working with the victim and are attempting to recover the funds. Early reports indicated that BNB lending protocol Venus Protocol had been hacked, due to the funds being held in Venus wrapper tokens for USDT and USDC. However, blockchain security firm Cyvers and Venus Protocol confirmed to Decrypt that the lending platform is not compromised—meaning the assets of other Venus users are safe. PeckShield, another security company, also confirmed to Decrypt that it was a phishing scam, that the firm is in contact with the victim, and is working to recover the funds. In a subsequent tweet, PeckShield revised its estimate of the losses incurred from $27 million to $13.5 million, noting that “initial estimates were higher as we did not exclude the debt position.” Venus Protocol community delegate Danny Cooper dismissed reports that the lending protocol had been hacked as “fake news,” telling Decrypt that, “A user falling victim to a phishing attack does not mean the protocol was drained. It was the user’s wallet that got compromised, not Venus.” Cooper added that initial analysis from security firm ZeroShadow suggests that the “attack fingerprint” strongly points to the attackers being from the Democratic People’s Republic of…
The post BNB Whale Drained of $13.5M in DPRK-Linked Phishing Attack appeared on BitcoinEthereumNews.com.
In brief A Binance Smart Chain user fell victim to a phishing scam and lost $13.5 million worth of tokens on Tuesday. Early reports suggested that BNB lending platform Venus Protocol had been hacked, but blockchain security firms subsequently confirmed that this was not the case. Venus Protocol and security firm PeckShield are in contact with the victim and are attempting to recover the funds that still sit in the attacker’s wallet. A user on the Binance Smart Chain has lost $13.5 million to a phishing scam, according to security experts and those who have spoken with the victim. Several groups are now working with the victim and are attempting to recover the funds. Early reports indicated that BNB lending protocol Venus Protocol had been hacked, due to the funds being held in Venus wrapper tokens for USDT and USDC. However, blockchain security firm Cyvers and Venus Protocol confirmed to Decrypt that the lending platform is not compromised—meaning the assets of other Venus users are safe. PeckShield, another security company, also confirmed to Decrypt that it was a phishing scam, that the firm is in contact with the victim, and is working to recover the funds. In a subsequent tweet, PeckShield revised its estimate of the losses incurred from $27 million to $13.5 million, noting that “initial estimates were higher as we did not exclude the debt position.” Venus Protocol community delegate Danny Cooper dismissed reports that the lending protocol had been hacked as “fake news,” telling Decrypt that, “A user falling victim to a phishing attack does not mean the protocol was drained. It was the user’s wallet that got compromised, not Venus.” Cooper added that initial analysis from security firm ZeroShadow suggests that the “attack fingerprint” strongly points to the attackers being from the Democratic People’s Republic of…
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