Unknown Crypto Investor Loses Over $25 Million in 15 Minutes

cryptonews.ruPublished on 2026-08-13Last updated on 2026-08-13

Abstract

According to Scam Sniffer, a crypto investor fell victim to a targeted phishing attack, losing over $25 million in just 15 minutes. The stolen assets included $6.3 million in wrapped bitcoins (aWBTC), $5.1 million in DAI stablecoins, $4.7 million in Wrapped Bitcoin tokens, and $2.6 million in Ether. Following the theft, the attackers converted the stolen crypto via decentralized exchanges into 20 million DAI and 3,000 ETH, distributing the funds across four crypto addresses where they currently remain inactive. This is not the first time this specific investor has been targeted; in September 2023, he lost $24.23 million after approving a transaction on a phishing site linked to the hacker group Inferno Drainer, though approximately 90% of those funds were later returned. Separately, Scam Sniffer reported another incident where a crypto investor lost 999,999 USDT after signing a malicious transaction granting a scammer's smart contract unlimited withdrawal rights to their USDT holdings.

According to Scam Sniffer, a crypto investor fell victim to a targeted phishing attack. Among the stolen assets were:

  • $6.3 million in Wrapped Bitcoin aWBTC;

  • $5.1 million in the stablecoin $DAI;

  • $4.7 million in Wrapped Bitcoin tokens;

  • $2.6 million in Ether.

After the attack, the fraudsters converted the stolen cryptocurrencies, including aWBTC and WBTC, via decentralized exchanges into 20 million $DAI and 3,000 ETH. They then distributed the funds across four crypto addresses, where, according to Scam Sniffer, the coins have so far remained untouched.

This is not the first such incident involving the same crypto investor. In September 2023, he lost $24.23 million after approving a transaction on a phishing site linked to the hacker group Inferno Drainer. At that time, the attackers stole 4,851 rETH tokens and 9,579 stETH. Later, the majority of the funds—about 90% of the stolen amount—were returned to the owner.

Earlier, security experts from Scam Sniffer reported on a crypto investor who lost 999,999 of the stablecoin $USDT after signing a phishing transaction on the Ethereum network. The victim granted the scammers' smart contract permission for unlimited withdrawals of $USDT from his address.

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Related Questions

QAccording to Scam Sniffer, what was the primary method used in the attack that caused the crypto investor to lose over $25 million?

AThe crypto investor was a victim of a targeted phishing attack.

QList the four main types of assets that were stolen from the investor's wallet in this latest incident.

AThe stolen assets included $6.3 million in wrapped bitcoins (aWBTC), $5.1 million in DAI stablecoins, $4.7 million in Wrapped Bitcoin (WBTC) tokens, and $2.6 million in Ether (ETH).

QHow did the scammers handle the stolen cryptocurrencies after the attack?

AAfter the attack, the scammers converted the stolen cryptocurrencies, including aWBTC and WBTC, via decentralized exchanges into 20 million DAI and 3000 ETH. They then distributed these funds across four crypto addresses.

QHow much did the same investor lose in a similar incident in September 2023, and what was the outcome regarding the recovery of the funds?

AIn September 2023, the same investor lost $24.23 million. Later, about 90% of the stolen amount was returned to the owner.

QWhat was the critical mistake that allowed another investor, mentioned by Scam Sniffer, to lose 999,999 USDT in a separate phishing incident?

AThe victim approved an unlimited spending allowance for USDT from their address to the scammers' smart contract after signing a phishing transaction on the Ethereum network.

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