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Investigating the 24-Hour Hacking News in the Crypto World

Subtitle: Phishing Attacks and Exploited MEV Bot Cause Millions in Losses

Over the past 24 hours, the crypto world has been hit by a series of hacking incidents, including phishing attacks and the exploitation of a popular MEV (Miner Extractable Value) bot. The incidents have resulted in the theft of valuable NFTs and significant financial losses. PeckShield, a renowned blockchain security company, has been monitoring these developments closely and has provided alerts to warn users about potential risks. In this report, we delve into the details of these incidents and their implications for the crypto community.

Phishing Attack Targets NFT Holders:

In the first reported incident, a fraudulent actor, using the handle “Fake_Phishing187019,” executed a phishing attack, resulting in the theft of five NFTs. Two of the stolen NFTs belong to the popular Otherdeed collection, which has gained significant attention in recent months. PeckShield’s alert regarding this incident highlights the need for users to exercise caution and follow robust security practices when engaging with NFT platforms. Additionally, an address labeled as FTX was used to transfer 750k $SOL (Solana) tokens, worth approximately $32.93 million, to another address with the identifier 4Axqyo…wTAh. The current balance of $SOL in the FTX-labeled address is 1.5 million $SOL, equivalent to $64.6 million.

Exploited MEV Bot Causes Financial Losses:

In a separate incident, an unknown MEV bot was exploited, resulting in approximately $2 million in losses. The bot was used to make multiple large swaps in Curve pools, taking advantage of arbitrage opportunities through simple reverse swaps. MEV, a term coined to describe the additional profit that miners can extract through strategic ordering of transactions, has become a hot topic in the cryptocurrency world. This incident serves as a harsh reminder of the vulnerabilities that can be exploited by malicious actors in the pursuit of financial gains.

The recent 24-hour hacking news in the crypto world has highlighted the ongoing challenges and risks faced by the industry. Phishing attacks and the exploitation of MEV bots continue to present significant threats to users and their assets. As the crypto community grows, it is essential for individuals and organizations to prioritize robust security measures and stay vigilant against potential threats. Platforms and users must work together to develop and implement effective security protocols to protect their assets and information.

PeckShield’s timely alerts and ongoing efforts to monitor and report such incidents are crucial for creating awareness and equipping users with the knowledge needed to navigate the complex and ever-evolving crypto landscape. By understanding and addressing these risks, the crypto industry can continue to flourish while mitigating potential dangers.

Disclaimer: The information provided in this blog post is based on publicly available data and alerts provided by PeckShield. Readers are encouraged to conduct their own research and exercise caution when making any investment or security-related decisions in the crypto space.

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