An unknown blockchain structure lost approximately $36 million in Ethereum tokens due to a phishing attack using a “permission” transaction.
As Lookonchain reported in a post on platform X (formerly Twitter), the incident occurred on October 11 and affected 15,079 fwDETH (wrapped ETH on the Blast blockchain). The losses were linked to a phishing attack on a permission signature, which analysts believe may be related to the crypto venture fund Continue Capital. At the time of writing, representatives of the fund have not made any official statements.
After the funds were drained, the price of fwDETH plummeted by more than 95%, but then partially recovered, remaining 40% below its initial level.
