- PeckShieldAlert uncovered a $1.28 million crypto scam linked to a phishing scam targeting address 0xb0b8…40c7.
- The stolen assets include 108 billion PEPE tokens, 73.8 million APU, and 165,000 MSTR, drained after a phishing permit was signed.
- The phishing attack highlights ongoing risks in crypto, with hackers exploiting users through fraudulent signatures.
The blockchain security company PeckShieldAlert has revealed another massive crypto scam. As per the recent post on X, an address that has been identified as ‘0xb0b8…40c7’ has stolen around $1.28 million in cryptocurrencies. The stolen assets include 108 billion tokens of PEPE, 73.8 million tokens of APU and 165,000 tokens of MSTR. The loss happened when the unsuspecting user clicked on a phishing permit and gave the hackers access to the money.
The scam activity has been linked to a phishing URL known as Fake_Phishing442846. This specific address is by no means new to the cryptocurrency world. This has been previously associated with a $32 million theft of Spark Wrapped Ethereum tokens (spWETH) which occurred just two weeks ago. Analysts believe both instances could be the work of the same hackers, proving that blockchain users are at risk.
Crypto Scam Targets Memecoins
The stolen PEPE tokens which are a form of cryptocurrency have garnered much attention especially from those watching the memecoin space. The funds that were stolen during the attack include PEPE, a token that has been popular among the retail investors mainly because of its meme value. The loss of PEPE and other tokens such as APU and MSTR exposes the available blockchain to certain security threats.
Phishing scams are probably one of the most common and widespread problems in the world of digital assets. Hackers are able to steal tokens from private wallets and transfer them without the owner’s permission by duping victims into signing phishing permit signatures. Phishing signatures have become more popular, with criminals taking advantage of technical vulnerabilities and people’s mistakes in the crypto sector.
Investor Security Reminder
The warning from PeckShieldAlert is still another notice that crypto investors should pay attention to. The firm has also encouraged users to verify any signatures they have confirmed, and not to click on links or addresses that seem fishy. Those who invest in cryptocurrencies should employ secure software and be aware of current risks as these instances progress.
While the community investigates this newest breach, blockchain security experts explain that DeFi is a goldmine, but it is also a fertile ground for attackers. For now, the $1.28 million loss remains as a critical lesson of the dangers in the still relatively new field of digital assets.
