Crypto Whale Loses $25.6 Million 2 Years After $24 Million Phishing Attack

An unknown crypto whale lost $25.6 million after an attacker drained their wallet. The hacker swapped the stolen assets into Dai (DAI) and Ethereum (ETH), onchain analyst Specter reported.

The same wallet lost $24.2 million to a phishing attack in September 2023. Afterward, the attacker returned roughly 90% of the funds.

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An unknown victim was just drained of $25.6M in assets.The attacker swapped all the assets, including WBTC, cbBTC, LDO, USDS, and CRV, for DAI and ETH.Interestingly, the same wallet was drained of $24.23M in September 2023 due to malicious token approvals. The attacker… pic.twitter.com/xhGObE5zsS

— Specter (@SpecterAnalyst) August 12, 2026

Attacker Drains aWBTC, DAI, and WBTC From Whale Wallet

Blockchain security firm PeckShield detailed the largest holdings taken. This included $6.3 million in aWBTC. DAI losses totaled $5.1 million, while direct Wrapped Bitcoin (WBTC) holdings totaled $4.7 million.

Roughly $2.6 million in ETH also left the wallet. Smaller balances of cbBTC, USDS, Lido DAO (LDO), and Curve DAO (CRV) went the same way.

The attacker converted the proceeds into 20 million DAI and 3,000 ETH. The stolen funds now sit across four addresses.

Whale Fell Victim to a $24.24 Million Phishing Attack in 2023

The victim has a costly history. PeckShield reported in September 2023 that the same whale lost $24.2 million to phishing, including about 4,851 rETH and 9,579.2 stETH.

That phisher swapped the tokens for roughly 13,785 ETH and 1.64 million DAI. These two incidents have now cost the address almost $50 million combined.

The theft lands during a busy month for crypto security. DefiLlama has separately logged 13 hacks in August, with tracked losses above $12 million.

Payment processor Coinsbuy accounted for the bulk of that figure after losing $7.9 million on August 9. Whether this attacker follows the 2023 precedent and returns the funds will likely determine how much the victim recovers.

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