Global #$55 million

In a dramatic instance of Web3 vulnerability, a phishing attack has resulted in the theft of more than $55 million in crypto assets. The attack, attributed to an individual or group operating under the alias Fake_Phishing187019, involved the minting and laundering of 55,473,618 Dai (DAI) tokens.

According to Token Unlocks data, Space ID, a platform for Web3 domains and identity services, is poised to release over $55 million worth of ID tokens on June 22, 2024, constituting 18% of its circulating supply.