{"id":575553,"date":"2024-02-17T01:00:28","date_gmt":"2024-02-17T01:00:28","guid":{"rendered":"https:\/\/wncen.com\/?p=575553"},"modified":"2024-06-11T08:30:43","modified_gmt":"2024-06-11T08:30:43","slug":"crypto-scam-alert-phishing-attack-swipes-5-1m-worth-of-beam-token-price-drops","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-scam-alert-phishing-attack-swipes-5-1m-worth-of-beam-token-price-drops\/","title":{"rendered":"Crypto Scam Alert: Phishing Attack Swipes $5.1M Worth of BEAM, Token Price Drops"},"content":{"rendered":"<p style=\"font-weight: 400\">According to the blockchain analytics platform Lookonchain, a crypto trader suffered a phishing attack that swooped over 180 million BEAM tokens on Wednesday and affected the token\u2019s price.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/coinbase\/coinbase-suspends-playdapp-trading-after-hack-pla-price-reacts\/\" target=\"_blank\" rel=\"noopener \">Coinbase Suspends PlayDapp Trading After Hack, PLA Price Reacts<\/a><\/div>\n<h2 style=\"font-weight: 400\">180 Million BEAM Tokens Stolen<\/h2>\n<p style=\"font-weight: 400\">In an X (former Twitter) post, Lookonchain exposed a new crypto scam that had occurred on February 15. As the analytics platform detailed, the address 0x83664B8a83b9845Ac7b177DF86d0F5BF3b7739AD, under the name \u2018Kirilm.eth\u2019, suffered a phishing attack that led to <a href=\"https:\/\/wncen.com\/news\/exploit-on-polygon-contracts-extract-15m-here-are-the-details\/\" target=\"_blank\" rel=\"noopener \">the theft of millions<\/a> of BEAM tokens.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">kirilm.eth was phishing attacked and lost 180.25M <a href=\"https:\/\/twitter.com\/search?q=%24BEAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BEAM<\/a>($5.14M) 13 hours ago.<\/p>\n<p>The scammer quickly sold the 180.25M <a href=\"https:\/\/twitter.com\/search?q=%24BEAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BEAM<\/a> for 1,629 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a>($4.6M), which caused the price of <a href=\"https:\/\/twitter.com\/search?q=%24BEAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BEAM<\/a> to drop by ~7%.<a href=\"https:\/\/t.co\/x8epiNx4Qa\" rel=\"nofollow\">https:\/\/t.co\/x8epiNx4Qa<\/a> <a href=\"https:\/\/t.co\/ytcfYib2Kg\" rel=\"nofollow\">pic.twitter.com\/ytcfYib2Kg<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/03891601?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">Users seemingly identified the victim as a crypto trader named Kirill Marinov. According to the information provided, the victim lost 180.25 million BEAM tokens, worth approximately $5.14 million, to an account labeled as \u2018Fake_Phishing291038.\u2019<\/p>\n<p style=\"font-weight: 400\">Shortly after the theft, the scammer\u2019s address liquidated the total amount of stolen BEAM tokens, exchanging them for 1,629 ETH worth approximately $4.6 million.<\/p>\n<p style=\"font-weight: 400\"><a href=\"https:\/\/twitter.com\/realScamSniffer\/status\/83178884\" target=\"_blank\" rel=\"noopener nofollow\">According<\/a> to Web3 anti-scam platform Scam Sniffer, the victim signed an \u2018increase allowance\u2019 transaction that gave the scammer access to the tokens. Additionally, the. X post detailed that the token spender is a Safe Wallet address.<\/p>\n<p style=\"font-weight: 400\">However, this writing has not revealed further details about the victim, the exact tactics used by the scammer, and their identity.<\/p>\n<p style=\"font-weight: 400\">Phishing scams are among the most popular tactics for crypto-related crimes. Scammers exploit inexperienced investors\u2019 naivety and <a href=\"https:\/\/wncen.com\/news\/ethereum\/crypto-wallets-drained-off-600k-due-to-ignored-phishing-attack\/\" target=\"_blank\" rel=\"noopener \">oversights from more experienced traders<\/a> to gain access to the funds.<\/p>\n<p style=\"font-weight: 400\">The scamming tactics involve a variety of ways to trick the victims into revealing their private keys or login information to grant access to the victim\u2019s wallets. Due to this, experts <a href=\"https:\/\/twitter.com\/realScamSniffer\/status\/64894361\" target=\"_blank\" rel=\"noopener nofollow\">urge<\/a> all crypto investors to stay alert and take the necessary measures to keep their assets safe.<\/p>\n<h2 style=\"font-weight: 400\">BEAM Price Reacts To The Crypto Heist<\/h2>\n<p style=\"font-weight: 400\">The BEAM token serves as the native crypto asset for the Beam network. After the heist and subsequent exchange to ETH, the <a href=\"https:\/\/wncen.com\/news\/solana\/solana-11th-outage-in-2-years-sol-price-drops\/\" target=\"_blank\" rel=\"noopener \">token\u2019s price dropped<\/a>, falling from the $0.030 price level to the $0.028 range.<\/p>\n<p style=\"font-weight: 400\">Beam Network is a gaming network powered by the Merit Circle DAO. The ecosystem brings developers and gamers together to develop the gaming industry further. According to the Beam team, \u201cAt its core, Beam aspires to create harmony between gamers and developers.<\/p>\n<p style=\"font-weight: 400\">It&#8217;s not just about gaming; it&#8217;s about ownership, empowerment, and a global community. Every feature and tool is a step towards this visionary future.\u201d<\/p>\n<p style=\"font-weight: 400\">At writing time, the token trades at $0.027, representing a 2.4% drop in the last hour and a 9.3% decrease from its trading price in the previous 24 hours. <a href=\"https:\/\/coinmarketcap.com\/currencies\/onbeam\/\" target=\"_blank\" rel=\"noopener nofollow\">According<\/a> to CoinMarketCap data, the token&#8217;s daily trading volume saw a 25.7% decrease in the last 24 hours, sitting at the #104 spot on this metric with $61.4 million.<\/p>\n<p style=\"font-weight: 400\">Despite the negative price reaction following the scam, the BEAM price still registered a 32.9% increase in the last 7 days. Similarly, BEAM\u2019s trust score in the spot markets remains untouched, per <a href=\"https:\/\/www.coingecko.com\/en\/coins\/beam-2\" target=\"_blank\" rel=\"noopener nofollow\">CoinGecko<\/a> Data.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/monero\/monero-plummets-following-major-crypto-exchange-delisting-are-more-losses-imminent\/\" target=\"_blank\" rel=\"noopener \">Monero Plummets Following Major Crypto Exchange Delisting, Are More Losses Imminent?<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-575557 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/BEAMUSDT_2024-02-16_13-05-00.png?resize=1023%2C518\" alt=\"BEAM, BEAMUSDT, Crypto\" width=\"1023\" height=\"518\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/BEAMUSDT_2024-02-16_13-05-00.png?w=1023 1023w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/BEAMUSDT_2024-02-16_13-05-00.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/BEAMUSDT_2024-02-16_13-05-00.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/BEAMUSDT_2024-02-16_13-05-00.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/BEAMUSDT_2024-02-16_13-05-00.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">BEAM price is trading at $0.0276 in the hourly chart. Source: BEAMUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/7ErqVMq9\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured Image from Unsplash.com, Chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to the blockchain analytics platform Lookonchain, a crypto trader suffered a phishing attack that swooped over 180 million BEAM tokens on Wednesday and affected the token\u2019s price. Related Reading: Coinbase Suspends PlayDapp Trading After Hack, PLA Price Reacts 180 Million BEAM Tokens Stolen In an X (former Twitter) post, Lookonchain exposed a new crypto scam that had occurred on February 15. As the analytics platform detailed, the address 0x83664B8a83b9845Ac7b177DF86d0F5BF3b7739AD, under the name \u2018Kirilm.eth\u2019, suffered a phishing attack that led to the theft of millions of BEAM tokens. kirilm.eth was phishing attacked and lost 180.25M $BEAM($5.14M) 13 hours ago. The scammer quickly sold the 180.25M $BEAM for 1,629 $ETH($4.6M), which caused the price of $BEAM to drop by ~7%.https:\/\/t.co\/x8epiNx4Qa pic.twitter.com\/ytcfYib2Kg &mdash; Lookonchain (@lookonchain) February 16, 2024 Users seemingly identified the victim as a crypto trader named Kirill Marinov. According to the information provided, the victim lost 180.25 million BEAM tokens, worth approximately $5.14 million, to an account labeled as \u2018Fake_Phishing291038.\u2019 Shortly after the theft, the scammer\u2019s address liquidated the total amount of stolen BEAM tokens, exchanging them for 1,629 ETH worth approximately $4.6 million. According to Web3 anti-scam platform Scam Sniffer, the victim signed an \u2018increase allowance\u2019 transaction that gave the scammer access to the tokens. Additionally, the. X post detailed that the token spender is a Safe Wallet address. However, this writing has not revealed further details about the victim, the exact tactics used by the scammer, and their identity. Phishing scams are among the most popular tactics for crypto-related crimes. Scammers exploit inexperienced investors\u2019 naivety and oversights from more experienced traders to gain access to the funds. The scamming tactics involve a variety of ways to trick the victims into revealing their private keys or login information to grant access to the victim\u2019s wallets. Due to this, experts urge all crypto investors to stay alert and take the necessary measures to keep their assets safe. BEAM Price Reacts To The Crypto Heist The BEAM token serves as the native crypto asset for the Beam network. After the heist and subsequent exchange to ETH, the token\u2019s price dropped, falling from the $0.030 price level to the $0.028 range. Beam Network is a gaming network powered by the Merit Circle DAO. The ecosystem brings developers and gamers together to develop the gaming industry further. According to the Beam team, \u201cAt its core, Beam aspires to create harmony between gamers and developers. It&#8217;s not just about gaming; it&#8217;s about ownership, empowerment, and a global community. Every feature and tool is a step towards this visionary future.\u201d At writing time, the token trades at $0.027, representing a 2.4% drop in the last hour and a 9.3% decrease from its trading price in the previous 24 hours. According to CoinMarketCap data, the token&#8217;s daily trading volume saw a 25.7% decrease in the last 24 hours, sitting at the #104 spot on this metric with $61.4 million. Despite the negative price reaction following the scam, the BEAM price still registered a 32.9% increase in the last 7 days. Similarly, BEAM\u2019s trust score in the spot markets remains untouched, per CoinGecko Data. Related Reading: Monero Plummets Following Major Crypto Exchange Delisting, Are More Losses Imminent? BEAM price is trading at $0.0276 in the hourly chart. Source: BEAMUSDT on Tradingview.com Featured Image from Unsplash.com, Chart from Tradingview.com<\/p>\n","protected":false},"author":614,"featured_media":571063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[4831,91669,6664,12029,14186,87777],"class_list":["post-575553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-beam","tag-beamusdt","tag-crypto","tag-crypto-hack","tag-crypto-scam","tag-phishing-attacks"],"acf":[],"yoast_head":"\n<title>Crypto Scam Alert: Phishing Attack Swipes $5.1M Worth of BEAM<\/title>\n<meta name=\"description\" content=\"A recent crypto scam resulted in the theft of $5.1 million worth of BEAM tokens from a crypto trader&#039;s wallet, impacting the token&#039;s price.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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