Main navigation

Ethereum's RocketPool (RPL) Plunges 12% as Major Holder Allegedly Suffers Multimillion Dollar Phishing Attack

Advertisement
Thu, 30/03/2023 - 13:51
Ethereum's RocketPool (RPL) Plunges 12% as Major Holder Allegedly Suffers Multimillion Dollar Phishing Attack
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

One of the largest Ethereum (ETH) staking services, RocketPool, suffered a multimillion dollar sell-off today, allegedly caused by a phishing attack. According to Lookonchain, around 85,900 RPL were withdrawn from "poap.eth" and then exchanged for ETH, the equivalent of $3.8 million. The address itself most likely belongs to the founder of the POAP protocol, Patricio Worthalter.

Have you been phishing attacked? @worthalter @poapxyz

Seems like Fake_Phishing66321 transferred your 85,898 $RPL ($3.83M) out.@zachxbthttps://t.co/XtylHzPZNV pic.twitter.com/o6hGhEMk7k

— Lookonchain (@lookonchain) March 30, 2023

After exchanging all the stolen RPLs for Ethereum (ETH), the attacker further scattered the stolen funds between addresses marked "Fake_Phishing" and also sent 17 ETH to Binance, PeckShieldAlert reported.

Related

Advertisement

RocketPool (RPL) price reaction

The sale caused by the theft of RocketPool tokens from Worthalter's wallet has nullified all the positive price action of recent days. After losing more than 13% of its opening price at one point, RPL still managed to recoup some of its fall and is now quoted in the $43 per token area.

At the peak of the drop, RPL trading volume on Binance, the largest crypto exchange, reached 49,800 RPL within a quarter of an hour, roughly the daily trading rate of the token.

Article image
RPL to USD by CoinMarketCap

Related

Neither Worthalter nor POAP has so far commented on what happened.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD