Attacker Converts $25.6M in Stolen Assets to DAI and ETH

Attacker Converts $25.6M in Stolen Assets to DAI and ETH

N
News Editor
2026-08-12 22:05:57
According to on-chain detective Specter, an attacker has converted about $25.6 million in WBTC, cbBTC, LDO, USDS and CRV into DAI and ETH. The same wallet was drained of $24.23 million in September 2023 through a malicious token approval; that attacker later returned roughly 90% of the funds. The attacker's address is 0x8fEB...F95Ae.

According to on-chain detective Specter, the attacker swapped a wallet's entire holdings—WBTC, cbBTC, LDO, USDS and CRV—into DAI and ETH. The stolen assets are valued at approximately $25.6 million. The attacker's address is 0x8fEB...F95Ae.

The same wallet was drained of $24.23 million in September 2023 through a malicious token approval. That attacker eventually returned about 90% of the stolen funds.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
410

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.