Crypto Whale Loses $25.6 Million in Phishing Attack, Again

• •The whale lost $25.6 million in a phishing attack on August 12, 2026.
• •This wallet was previously compromised in September 2023, losing $24.2 million.
• •No funds have been returned from the latest attack, unlike the previous incident.

A cryptocurrency whale has suffered a second phishing attack, losing $25.6 million from a wallet previously drained of $24.2 million in September 2023. The latest attack occurred on August 12, 2026, with the hacker converting stolen assets into Dai (DAI) and Ethereum (ETH). The largest single loss was $6.3 million in aWBTC, along with $5.1 million in DAI and $4.7 million in Wrapped Bitcoin (WBTC). The attacker consolidated the stolen funds into four new wallet addresses. Unlike the previous incident, no funds have been returned to the victim this time. The total losses from both breaches now exceed $50 million. The incident comes amid a surge in crypto-related security breaches, with 13 recorded incidents in August alone, totaling over $12 million in losses. The previous attack involved malicious token approvals, allowing the attacker to drain the wallet without the victim's consent.