A Chainlink (LINK) crypto investor has recently suffered a catastrophic loss due to a sophisticated phishing attack. The victim, who had been trading and accumulating LINK tokens, was duped into approving a fraudulent transaction, resulting in the loss of roughly $4.66 million.
The Chainlink Investor Phishing Attack: A Detailed Breakdown
The investor, over a period starting from June 7, 2022, to October 14, 2023, had built up a portfolio of 290,750 LINK tokens valued at $2.26 million. Interestingly, the savvy trading strategies allowed the investor to profit nearly $2.4 million.
However, this financial success turned sour when the investor clicked on a phishing link, unwittingly authorizing a malicious transaction.
According to analytics firm Lookonchain’s report, the victim’s error in clicking the phishing link led to them being tricked into signing a transaction that approved the transfer of their assets. The consequence was a devastating total loss of $4.66 million, combining the initial investment and the accrued profits.
What an unlucky guy!
He got 275,700 $LINK($4.42M) stolen by a phishing attack.
This guy accumulated 290,750 $LINK($2.26M) at $7.8 from exchanges between Jun 7, 2022, and Oct 14, 2023, a profit of nearly ~$2.4M currently.
Unfortunately, he accidentally clicked on the phishing… pic.twitter.com/2FqM72T3f7
— Lookonchain (@lookonchain) December 29, 2023
Phishing Scams: A Rising Threat In Crypto?
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Author: Samuel Edyme
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