Crypto Market Scams Rise

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Biggest Loss of Crypto Market Today: $35M Stolen in Phishing Scam | CoinGape

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A new cyberattack, a scammer stole $35 Million worth of fwDETH, making it one of the biggest crypto market scamming incidents in recent.

The victim's wallet address 0xeab23cfe3776adf45e2e3dc56bcf739f6e0a393 probably belongs to Continue Fund , a VC firm that invests in other crypto projects, but this time, it became the victim of the most common Web3 crypto scams.

In Q3 , the scammers stole $127 million and $46 million in September , revealing the rising incidents of phishing scams in the crypto market.

With this, businesses that are dependent on fw .

There are liquidity issues around the token, bringing the price down.

It is the result of the scammer selling all of these stolen tokens.

Not only did this impact the victim, but the dwDETH price and the business dependent on this token.

The scammer sold all of the stolen tokens, causing the price to drop.

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