🐋 Whale Loses $3M
🐋 Whale Loses $3M
🐋 $3M Gone
A crypto whale lost $3 million in a phishing attack despite early warning systems detecting the threat.
Key Details:
- Malicious contract deployed on August 5
- Forta Firewall flagged it instantly upon deployment
- Victim was drained just minutes after the contract went live
- Attack was part of broader phishing trend affecting Ethereum
Context: Phishing attacks continue plaguing the crypto space, with $6M stolen in August alone through 2,883 malicious contracts on Ethereum mainnet. All were detected by security systems, yet losses persist.
The Problem: While detection technology exists and works effectively, the gap between threat identification and user protection remains a critical vulnerability in DeFi security.
$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 🫸
Another $300K lost to a phishing scam on Ethereum Mainnet 💸 Forta Firewall flagged the malicious contract at deployment, Jul 14, 2025 10:44 AM UTC Victim approved the phishing tx at 2:33 PM UTC, nearly 4 hours later On chains protected by Forta Firewall, this would’ve been
Purple Drainer Exposed 🚨 Forta Firewall flagged a new phishing campaign spreading across multiple L2s disguised as “airdrop claims” to drain users’ ETH Stay alert ⚠️ 0x24BcB0372628edf7b41bc2f1130c994E2f08AB27 forta.org/blog/purple-dr…
-- ETHEREUM PHISHING REPORT -- Forta detected 1,173 phishing contracts on Mainnet in July. Attackers stole 252 ETH and hundreds of tokens, totaling $2.88M in losses. ⚠️ This is what’s lurking in every block. This is why onchain security matters.
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.
$6M stolen in August by 2,883 phishing contracts on @ethereum mainnet 🚨 Forta detected them all, including a $3M whale hit on AETHUSDT Phishing continues to be a leading threat across the on-chain economy. Forta is watching.
Forta Firewall detected the $30M+ phishing attack that drained a @VenusProtocol user on BSC 🛑 Always ahead of threats. Always leading blockchain security 🔒
A whale lost $3M in a phishing attack 🚨 The malicious contract was deployed on Aug 5 and flagged instantly by Forta Firewall Minutes later, the victim was drained. This loss could have been prevented.
$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 😿
$1M Phishing Scam 💀 Forta Firewall flagged a contract that lured a victim into a batch tx + EIP-7702 upgrade, giving attackers full control Spotted at deployment, this scam never had to make it on-chain 🛑
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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.*
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A significant security breach has affected GemPad across multiple blockchains - Ethereum, BSC, and Base - resulting in a $2M loss through a reentrancy attack. The incident was detected by Forta Firewall's security systems. This attack follows a pattern of recent crypto security incidents, including: - Penpie's $27M reentrancy exploit - Onyx Protocol's $4.2M market manipulation - Bedrock DeFi's $1.7M smart contract vulnerability These incidents highlight the growing importance of preventative security measures in DeFi protocols. **Learn More**: Visit Forta's blog to understand how these attacks can be prevented.