Phishing Scams Target Soneium Users, $127M in Crypto Stolen in Q3 2023

October 23, 2024
Phishing Scams Target Soneium Users, $127M in Crypto Stolen in Q3 2023
  • Soneium, an Ethereum layer 2 blockchain developed by Sony Block Solutions Labs, launched its testnet in August 2023 to enhance Web3 adoption.

  • Recently, Scam Sniffer, a blockchain security company, uncovered a phishing website linked to a Google ad for Soneium, which was disguised as a crypto wallet drainer.

  • The malicious ad appeared when users searched for 'someium,' a common misspelling of Soneium, illustrating the ongoing threat of phishing scams.

  • Scam Sniffer noted that the creators of the phishing site employed techniques to obscure the malicious link, complicating detection efforts by Google.

  • Despite the serious implications, Google has not responded to inquiries regarding the existence of the phishing link.

  • Scam Sniffer warned that users connecting their wallets to the phishing site after clicking the ad risk losing their assets.

  • The attack involved victims unknowingly signing a fraudulent signature, which allowed attackers to drain their wallets.

  • Soneium has partnered with Transak and Circle to provide fiat on-ramp services and support for USDC transactions.

  • Following the phishing attack, the price of DETH tokens plummeted over 38%, while fwDETH tokens saw a staggering drop of more than 90% before partially recovering.

  • In a related incident, a crypto whale lost approximately $35 million in a phishing attack on the Blast network, which Scam Sniffer also flagged.

  • Scam Sniffer previously reported that over $46 million was stolen from 10,800 victims of phishing scams in September 2023.

  • In total, over $127 million worth of cryptocurrencies were reported stolen in the third quarter of 2023, with Ether wallets being the primary target.

Summary based on 2 sources


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