Multiple Phishing Attacks Lead to $3.1M Loss Despite Early Detection
Multiple Phishing Attacks Lead to $3.1M Loss Despite Early Detection
🚨 3M Gone in 84 Minutes
A series of phishing attacks on Ethereum Mainnet resulted in significant losses, highlighting the importance of timely security responses:
- $3.1M lost in recent attack despite Forta Firewall detection at 5:04 PM UTC
- Victim approved malicious contract at 6:28 PM UTC, after detection
- Previous week: $730,000 stolen from SuperRare due to access check vulnerability
- July report: 1,069 malicious contracts identified, stealing 181.5 ETH + tokens
These incidents demonstrate the critical window between threat detection and user response. All attacks could have been prevented with proper security measures and immediate action on alerts.
$3.1M lost to a phishing scam 🚨 Forta Firewall detected the malicious contract at creation time—5:04 PM UTC The victim approved it at 6:28 PM UTC—too late. This could have been prevented 🫸
Forta detected 1,069 malicious contracts on Mainnet, draining 181.5 ETH and 178 different tokens via phishing. In total, over $868K was stolen. ⚠️ This is what's hiding in plain sight onchain. This is why onchain security matters.
$730,000 stolen from @SuperRare on Ethereum—but Forta Firewall flagged the exploit before it hit 🚨 A broken access check let the attacker claim RARE tokens they didn’t own 🥷 It didn’t have to happen 😿
Forta Firewall Enhances Real-Time Chain Monitoring
Forta has launched enhanced features for their blockchain security monitoring system: - **Real-time Visibility**: New monitoring capabilities provide comprehensive chain oversight with zero blind spots - **Dynamic Freeze Module**: Enables blocking malicious actors during offchain threats without halting the chain - **Multi-Monitoring System**: Delivers targeted alerts across different monitoring points The upgraded Firewall system helps blockchain networks identify and respond to security issues as they emerge, offering improved threat detection and response capabilities. Learn more at [Forta's blog](https://www.forta.org/blog/real-time-monitoring-for-chains-with-forta-firewall)
Forta's Leadership to Join NextFin Summit in NYC
Forta's leadership will participate in the upcoming NextFin Summit in New York City. @ajbeal will join discussions alongside notable industry figures including @tkstanczak from the Ethereum Foundation (former Forta Council member). This follows Forta's active engagement in NYC's blockchain scene, including their recent presence at Permissionless IV where they focused on on-chain security and compliance developments. - Key participants: @ajbeal (Forta), @tkstanczak (Ethereum Foundation) - Location: New York City - Event: NextFin Summit - Focus: Blockchain security and industry development
Forta Firewall Reaches 300M Transaction Milestone
Forta Firewall has achieved a significant milestone by screening 300 million blockchain transactions. The platform provides real-time security and compliance services for several major networks: - Plume Network - Celo - INK Chain (Kraken's L2) - All Gelato rollups Recent developments: - Integration with INK Chain for threat prevention - New Messari report highlighting Forta's infrastructure - $868K in identified Ethereum phishing attempts (June report) The platform offers OFAC compliance screening and risk management tools for chain operators, positioning itself as essential infrastructure for the next generation of onchain finance.
OFAC Compliance Becomes Critical Infrastructure for Blockchain Rollups
**Regulatory compliance** is becoming a core requirement for blockchain networks, particularly regarding OFAC-sanctioned wallet transactions. Key points: - Transactions with sanctioned wallets pose significant regulatory risks - Compliance screening is now essential infrastructure for rollups - Forta Firewall offers a solution for OFAC screening implementation *Security and compliance* are emerging as crucial growth enablers in the on-chain economy. Forta Firewall provides tools to help rollups and protocols prevent potential security breaches and maintain regulatory compliance. Learn more: [Forta's Guide to OFAC Screening](https://www.forta.org/blog/why-ofac-screening-matters-in-crypto-and-how-forta-firewall-helps)
Forta Detects Major Phishing Operation on Ethereum Mainnet
Forta's security monitoring revealed a significant phishing campaign on Ethereum Mainnet: - 1,069 malicious contracts identified - 181.5 ETH and 178 different tokens stolen - Total losses exceed $868K A detailed case study shows how one victim lost $59,000 in WBTC through a single malicious approval. The attack happened gradually: - Initial phishing transaction granted token approvals - Multiple small withdrawals to avoid detection - Victim remained unaware throughout the process **Key Security Tips:** - Regularly revoke unused approvals - Monitor wallet activity frequently - Verify all dApp interactions thoroughly *Remember: Most crypto thefts occur silently, one transaction at a time.*