Recently, on October 11, a significant theft case occurred involving the fwDETH token on the Blast blockchain. A whale’s address was attacked through a phishing scheme, resulting in the loss of 15,079 fwDETH, which is approximately worth $35 million. The value of the fwDETH token on the Blast chain initially dropped by over 95% to about $85. Following this incident, the token’s price began to rise again, reaching approximately $700. However, it experienced a 24-hour decrease of 63.77%.
Lookonchain, an on-chain data analysis agency, suggests that the stolen address may be connected to Continue Capital, a venture capital firm. This situation underscores the vulnerability and significant risks associated with the blockchain, as well as the importance of investing in strong security measures to avoid losing large sums of money due to cyber attacks.
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