New ‘sophisticated’ phishing exploit drains $3M in USDC from multi-sig wallet

An unidentified crypto investor has lost over $3 million in a highly coordinated phishing attack after unknowingly authorizing a malicious contract. On Sept. 11, blockchain investigator ZachXBT first flagged the incident, revealing that the victim’s wallet was drained of $3.047 million in USDC. The attacker quickly swapped the stablecoins for Ethereum and funneled the proceeds The post New ‘sophisticated’ phishing exploit drains $3M in USDC from multi-sig wallet appeared first on CryptoSlate.