Phishing Heist on Solana Nets $3M in PYTH Tokens

Quick Summary:

A recent phishing attack on the Solana blockchain has led to the theft of 7 million PYTH tokens, valued at approximately $2.9 million.

PeckShield, a blockchain security firm, identified the incident as a “zero-transfer poisoning attack.” The stolen tokens were swapped for 11,000 SOL before being consolidated into another wallet.

In this type of attack, scammers exploit user trust by initiating zero-value transactions to create deceptive activity logs.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab EmiratesMali

Topics: PYTH Solana Market News Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 10:09:34 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 304 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23829185

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 31 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

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