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Crypto user loses $7.8 million in SolvBTC as phishing scams surge on social media

Author: Content Editor
Summary: A phishing attack resulted in a crypto user losing $7.8 million worth of SolvBTC, a wrapped Bitcoin product. The attack utilized Ethereum's CREATE2 opcode to bypass wallet security alerts and drain the victim's wallet. Additionally, there has been a growing trend of crypto scams on the social media platform X, with fake crypto accounts surging and impersonating influencers to lure victims into fraudulent Telegram groups. Malware injected into the victim's system through a verification process has led to multiple cases of private key theft, combining phishing tactics with advanced social engineering and malware deployment.

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