Social engineering bypasses multiple signature security mechanisms, exposing artificial vulnerabilities in DeFi
Source: CoinWorld
Time: 2025-09-12 19:53:17
A complex phishing attack exploited a communications vulnerability to trick signers into approving a fraudulent transaction that stole $3 million worth of USDC from a multi-signature wallet. The stolen funds are transferred through intermediate wallets, making the recovery work even more complicated. Phishing attacks against wallet signers have increased by 40% over the past six months, an incident that has prompted DeFi projects to enhance security with an additional layer of authentication.