A phishing scammer, who goes by the pseudonym “Monkey Drainer,” stole 700 Ethereum (ETH) tokens, worth around $1.05 million, over the past 24 hours, on-chain sleuth ‘ZachXBT’ pointed out in a Twitter thread. In phishing scams, miscreants create fake malicious websites that masquerade as legitimate crypto businesses to gain access to wallet keys and login credentials. Monkey Drainer’s scam wallet has been around for a few months and has completed over 7,300 transactions, the sleuth noted. Nearly 35 percent of the past day’s loot was stolen from two victims, who collectively lost assets worth approximately $370,000, according to ZachXBT. The largest victim held over $6.2 million worth of cryptocurrencies but only lost $220,000 worth of assets, while the other transaction requests were rejected. Full Story
Source: CryptoSlate
