Crypto Blog
On Tuesday, a cryptocurrency whale suffered a loss, with approximately $55.4 million worth of Dai stablecoin stolen in a phishing attack.
The attack targeted a Maker Vault, a collateralized debt position that allows users to borrow the U.S. dollar-pegged Dai stablecoin by depositing collateral. CertiKthat the bad actor exploited a vulnerability to gain control of the whale’s Maker Vault through the compromised EOA. The attacker changed the protocol’s owner address to their wallet after gaining control and minted almost 56 million in DAI, effectively draining the vault of its funds.The stolen BTC stash was quickly transferred across multiple platforms, including THORChain, KuCoin, ChangeNow, Railgun, and Avalanche Bridge.
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