Cryptotoken Volatility: ETH and REP Whale Hacked, Tokens Dumped on the Market

in ethereum •  3 years ago 

Bo Shen, a founding partner of a chinese VC fund Fenbushi, was hacked. Ethers and Augur tokens from his wallets were moved to the exchanges and then dumped on the markets.

The hack was confirmed by an Augur developer who shared more info about the attack vector: it seems that wallets were hacked by taking over a phone number using social engineering of the provider's call center.

One more reminder that everyone involved in cryptocurrencies needs a solid operation security strategy.

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tensorjack Jack Peterson tweeted @ 06 Dec 2016 - 10:33 UTC

.@boshen1011 @joeykrug if anyone's curious why REP and ETH prices are tanking today, some shithead hacked @boshen1011 and dumped his ETH+REP

Disclaimer: I am just a bot trying to be helpful.

Interesting, thought this was just fallout after the fork. Thanks, ontofractal

You're welcome!