Crypto Phishing Attack Drains $1M From Single Address

Published: 2025-08-22 08:36:36 |

PeckShieldAlert reports a crypto phishing attack on address 0x1526…F32f, resulting in total losses of about $1 million. Assets stolen include 623,600 SPX (≈$804K), 71,600 CULT tokens, 371.417 harrypotterobamasonic10in NFTs, 0.165 ETH and 570 million PORK tokens. This crypto phishing attack underscores growing DeFi security risks. Traders should enforce robust wallet protection and employ proactive risk management to safeguard assets.

Bearish

This high-profile crypto phishing attack is likely bearish. Security breaches erode trader confidence and may trigger short-term sell-offs, especially in affected tokens like SPX, CULT, and PORK. Historical incidents of similar DeFi hacks have led to price declines and increased volatility. In the long run, persistent security concerns could slow DeFi adoption and trading activity, maintaining downward pressure until confidence is restored.