A crypto venture capital fund-linked entity has suffered a significant loss of $36 million in wrapped Ethereum (fwDETH) due to a phishing attack involving a malicious “permit” transaction. The incident highlights the growing sophistication of phishing schemes in the crypto space, where users’ trust in digital signatures is exploited. The token’s value plummeted by over 95% before partially recovering, while additional attacks on other protocols have been reported.
| Incident | Entity tied to crypto VC fund loses $36M in wrapped Ethereum (fwDETH) due to a phishing attack. |
| Cause | Malicious “permit” phishing signature led to the loss of 15,079 fwDETH tokens. |
| Price Impact | fwDETH token price dropped over 95%, rebounding to a 40% decline. |
| Additional Effects | Possible attacks on PAC Finance and Orbit Finance. No comment from these projects. |