Over the last several weeks, scamming assaults by hackers and cybercriminals have increased. In a recent sophisticated phishing assault, infamous hackers stole more than $3.5 million in Ethereum in yet another fraud.
ZachXBT, a well-known on-chain sleuth and rug pull survivor who became a 2D investigator, stated on October 26 that a phishing scammer by the name of Monkey Drainer had taken more than $3.5 million in cryptocurrency and NFTs.
5/ These victims are just two of many who’ve had their funds stolen by Monkey.
The total number stolen easily surpasses $3.5m with that number rapidly increasing by each day.
Two main wallets
0x9FC8265F2b376084423A1A348a89Ecd894a9d1060x84527B5949D479c879b8Dd71cd8f79048CdF6fB8 pic.twitter.com/Xu8FNaU8W8
— ZachXBT (@zachxbt) October 25, 2022
In a phishing attack, Monkey Drainer stole $3.5 million
The famed phishing scammer, according to the on-chain investigator, was able to escape with around 700 ETH in the last day in the form of crypto and non-fungible tokens.
0x02a and 0x626 were the phishing attack’s two biggest victims, and they lost a combined total of more than $370,000 after authorizing transactions on fake Monkey Drainer websites. 1 Bored Ape Yacht Club (BAYC) collection, 1 CloneX, 36,000 USDC, and 12 additional non-fungible tokens (NFT) valued at a total of around $150,000 were lost during the event.
Victim 0x626 on the other side, who at the time had more than $6.2 million worth of NFTs and cryptocurrency, fortunately only lost $220,000.
Many others have reported losing money as a result of the Monkey Drainer assault, including those two victims.
In a following tweet, ZachXBT added that as victims continue to share stories, the overall value of the scam’s stolen digital assets has surpassed $3.5 million and is growing everyday. However, ZachXBT has advised cryptocurrency users to exercise extreme caution when linking their wallets, accessing untrusted websites, and signing transactions.
A Rug Pull Survivor Becomes A Scam Investigator
The well-known on-chain investigator “ZachXBT” has persisted in adopting firm positions in the battle against crypto frauds after falling victim to a crypto phishing assault in order to prevent additional individuals from losing their digital assets.
ZachXBT exposed another another phishing scheme in August. At the time, hackers had stolen more than $2.5 million in NFTs from subscribers. Fortunately, earlier this month in Paris, five individuals connected to the scam—which featured the Bored Ape Yacht Club NFT collection—were successfully detained.
Thanks to Dominic Kimani at Business 2 Community whose reporting provided the original basis for this story.
