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SlowMist Reports Resolution of Venus Whale Phishing Case With Losses Recovered

Venus Protocol confirms full recovery of stolen funds, while the hacker group incurred around $3 million in costs, according to SlowMist’s Cosine.

Summary

Venus whale @KuanSun1990 has successfully recovered nearly all funds lost in a phishing attack, with the hacker group responsible incurring around $3 million in costs. SlowMist’s Cosine confirmed the resolution of the case and the full restoration of the funds.

Terms & Concepts
  • Phishing: A type of cyberattack where attackers trick users into revealing sensitive information such as private keys or login credentials.
  • Venus Whale: A large-scale investor or holder on the Venus protocol, typically with significant cryptocurrency holdings.
  • SlowMist: A blockchain security firm known for investigating hacks, scams, and security breaches in the crypto industry.