TechFlow reports, according to The Block, that over the past week an Ethereum wallet has been involved in a sophisticated scam targeting creditors of bankrupt crypto firms such as BlockFi and FTX, continuously stealing nearly $5 million worth of cryptocurrency and NFTs—with no signs of stopping.
Security expert Plumferno disclosed the operation on X, stating that with help from several friends, she traced the stolen cryptocurrency back to its source: a series of phishing emails allegedly sent from the defunct companies BlockFi and FTX to their creditors. Hackers may have obtained the email address lists from data stolen from email service Mailer Lite, which was breached in January, leading to another phishing scam and significant losses.
"The worst part of this scam," Plumferno said, "is that most assets were taken from dormant wallets—people likely affected by BlockFi's bankruptcy who haven't touched their wallets since then. Some victims may not even know they've been compromised."
Blockchain data reviewed by The Block shows that nearly $4.5 million in ether has flowed into the wallet since March 17. The wallet has also stolen and sold various high-value NFTs, including Mutant Apes, Otherdeeds, and others.
