Suspected Private Key Leak Drains $25M; Same Wallet Lost $24M to Phishing in 2023

Suspected Private Key Leak Drains $25M; Same Wallet Lost $24M to Phishing in 2023

N
News Editor
2026-08-13 01:11:53
ScamSniffer's monitoring flagged a crypto holder whose two wallets were drained within 15 minutes, with losses of roughly $25 million, in what appears to be a private key leak rather than a typical approval phishing attack. The two addresses, belonging to the same victim, moved all assets — including DAI, WBTC, aUSDC, LDO, sUSDe and native ETH — to a newly created address. Within an hour, the stolen funds were swapped into DAI and ETH: 20 million DAI were transferred to another address, while about 3,000 ETH remained at the consolidation address. The affected wallet has a history of security incidents. In September 2023, the same address lost 4,851 rETH and 9,579 stETH (around $24 million) after signing a phishing increaseAllowance transaction. At that time, the attacker eventually returned roughly 90% of the stolen funds. This time, ScamSniffer's monitoring points to a private key compromise, making the latest attack distinct from the earlier approval-based phishing.

A crypto holder appears to have lost around $25 million after two wallets were drained in 15 minutes. ScamSniffer's monitoring, cited by BlockBeats on Aug 13, points to a private key leak rather than the usual phishing authorization.

The two affected addresses, both tied to the same victim, moved all holdings — DAI, WBTC, aUSDC, LDO, sUSDe and native ETH — to a single new address. Within an hour, the stolen funds were converted into DAI and ETH. Some 20 million DAI were routed to another address, while roughly 3,000 ETH stayed at the consolidation address.

The wallet is no stranger to trouble. In September 2023, the same address lost 4,851 rETH and 9,579 stETH — around $24 million at the time — after signing a phishing increaseAllowance transaction. The attacker eventually returned about 90% of what was taken.

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