After a phishing assault on a bZx developer, a hacker stole more than $55 million in cryptocurrency.

Mr. Plan ₿
2 min readNov 7, 2021

After a developer at bZx, a crypto business, fell for a phishing attempt, a hacker took millions.

According to The Block, a crypto site, SlowMist put the entire haul at $55 million.

“Personal losses from the team wallet account for around 25% of this sum,” bZx wrote on Twitter.

After one of its developers fell into a phishing assault, bZx announced on Friday that a hacker took millions of dollars in multiple currencies.

According to The Block, a crypto site, an outside security group assessed the total haul at $55 million.

In response to The Block’s story, bZx remarked on Twitter, “Roughly 25% of this sum represents personal losses from the team wallet that was stolen.”

On Friday, bZx published what it said were information of the hacker’s accounts, including $21 million in Ethereum. The attack was still being investigated by the firm, which is a decentralized-finance platform, or DeFi. The compromise impacted “lenders, borrowers, and farmers” who had funds on the Polygon and Binance Smart Chain platforms, according to the company.

“Funds were taken from the wallets of a small number of users who had allowed the unrestricted spend,” the business stated in an unverified technical investigation of the attack. “All of the developer’s cash were siphoned from their wallet.”

According to bZx, the hack started with a phishing email delivered to a developer’s personal computer. That email contained “a malicious macro in a Word document masquerading as a valid email attachment that launched a script on his computer His personal mnemonic wallet phrase was compromised as a result of this “According to the firm.

The company got a series of suspicious activity signals, including a flagged wallet, about 8:30 a.m. EST on Friday. The hacker’s wallet was traced by the firm. On its blog, it published a list of balances as well as a few transactions.

The business stated that it was still determining the overall amount of money taken. It stated that it was collaborating with law authorities in order to retrieve the payments and track out the hacker.

“We’re gathering information on the exact wallets that were hacked,” bZx added.

bZx has been contacted by Insider for further information and comment.

Last year, bZx was hacked three times, according to Coindesk.

Mr. Plan ₿

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