UwU Lend exploited twice and the “10% CRV burn” story invented by a scammer, TAO holder phished for $11M, Lykke hack cover-up: Crypto-Sec.
Crypto-Sec is our bi-weekly round-up of crypto and cybersecurity stories and tips.
In the largest reported phishing attack so far in June, a user of the Bittensor (TAO) artificial intelligence platform lost over 28,000 tokens worth $11.2 million at the time. The attack was reported by onchain sleuth ZachXBT through his Telegram channel.
The attacker split up the funds into 18 different wallet accounts, which then consolidated them into 16 accounts, ZachXBT reported. Afterward, the 16 accounts bridged the tokens from the TAO network to Ethereum and swapped them for ETH and USDC stablecoin using three different decentralized exchanges.