The perpetrator of the fishing incident, with nearly $36 million in fwDETH, exchanged 14,079 fwDETH for 2,288 ETH, causing the fwDETH/WETH to be highly unanchored.

2024-10-11 05:27:26

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Odaily Planet Daily News According to on-chain analyst Yu Jin, an Address suspected to belong to Continue Capital and marked by Arkham lost 15,079 fwDETH (35.98 million US dollars) in a phishing attack 7 hours ago. Subsequently, the phishing implementer quickly converted the stolen assets into secure assets by swapping DETH directly back to ETH. However, due to insufficient Depth in the DETH pool, only 14,079 DETH were exchanged for 2,288 ETH. The pool was completely drained, and the DETH/WETH pair was severely dislocated. The value of the assets he stole directly shrunk by 85%: from $35.98 million to $5.5 million.

ETH1.84%

SWAP-2.89%

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