MakerDAO Governance Delegate Loses $11 Million in Phishing Scam

• MakerDAO delegate loses $11M in Aave Ethereum and Pendle USDe tokens in phishing scam.
• Scam Sniffer detected incident on June 23.
• Delegate signed multiple phishing signatures, leading to loss of digital assets.
• 3,657 aEthMK tokens transferred to recipient address in 11 seconds.
• Delegate plays key role in MakerDAO governance, influencing protocol decisions.
• Phishing scams drained $300M from 320,000 users in 2023 alone.

Summary :
A MakerDAO governance delegate lost $11 million worth of Aave Ethereum and Pendle USDe tokens in a phishing scam. The delegate fell victim to the scam after signing multiple phishing signatures, resulting in the loss of their digital assets. The transaction was quickly confirmed, and it was discovered that the victim was a key player in the MakerDAO system, responsible for voting on governance proposals and influencing significant decisions. Phishing scams, where scammers trick victims into signing transactions that give them access to wallets, are becoming increasingly common in the crypto space. In 2023 alone, phishing scams drained $300 million from 320,000 users. This incident highlights the need for users to be cautious and vigilant in protecting their digital assets.

Sources :

- CoinTelegraph