Breaking Crypto News – How Do Scammers Target MakerDAO Delegate Tokens in Phishing Scams?
Breaking Crypto News – After falling for a phishing scam and signing many signatures, a MakerDAO governance delegate lost $11 million worth of Aave Ethereum Maker (aEthMKR) and Pendle USDe tokens. In the early hours of June 23, Scam Sniffer discovered the occurrence. The individual lost their digital assets as a result of falling for the phishing scam after signing many documents.
An 11-second transaction was completed to confirm the transfer of 3,657 aEthMKR tokens from the sender address, “0xfb94d3404c1d3d9d6f08f79e58041d5ea95accfa,” to the recipient address, “0x739772254924a57428272f429bd55f30eb36bb96.” A MakerDAO governance delegate was identified as the victim in the case by Arkham, according to Wu Blockchain. Contributing to the MakerDAO system’s decision-making processes, the delegate is a crucial component.
The Phishing Scam is Becoming Increasingly Common
Phishing scam is a prevalent type of cybercrime in which offenders pose as trustworthy organizations in an attempt to deceive victims into divulging personal information. In this instance, the user’s tokens were lost as a result of being duped into signing several permission network phishing signatures. A Scam Sniffer report released early in 2024 claims that in 2023 alone, 320,000 people lost $300 million to phishing scams.
FAQ
What is a Phishing Scam?
Phishing is a kind of computer fraud when scammers send emails to victims pretending to be from reputable companies, such as banks, mortgage companies, or internet service providers.
What is the Role of MakerDAO Delegates?
Significant decisions within the Maker protocol are influenced by the votes cast by delegates on executive votes, polls, and governance proposals.
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