{"id":314100,"date":"2023-03-31T12:00:40","date_gmt":"2023-03-31T11:00:40","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=314100"},"modified":"2023-03-31T17:24:50","modified_gmt":"2023-03-31T16:24:50","slug":"over-1m-arbitrum-tokens-lost-to-phishing-attack","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/over-1m-arbitrum-tokens-lost-to-phishing-attack\/","title":{"rendered":"Over 1M Arbitrum tokens lost to phishing attack"},"content":{"rendered":"

Two malicious players have stolen over a million Arbitrum (ARB<\/a>) tokens, blockchain security firm Peckshield reported on March 31.<\/p>\n

According to the report<\/a>, a wallet “0xbd4E” connected to an exploiter converted 933,375 ARB to 713 <\/span>Ethereum (ETH<\/a>) \u2014 worth $1.27 million \u2014 and bridged those tokens to Ethers mainnet.<\/span><\/p>\n

Another wallet \u2014 <\/span> “0x7AFd,” which stole 105,000 ARB tokens \u2014 transferred the ill-gotten wealth to two new addresses \u2014 “0xC4cf” and “0xB209.”<\/span><\/p>\n

It was unclear if the two wallets were connected to the same exploiter as of press time.<\/p>\n

Meanwhile, on-chain investigator Lookonchain incorrectly tagged<\/a> wallet “0xbd4E” as a “super airdrop hunter.” A victim, Henry said<\/a> they lost 7250 ARB tokens to the hacker.<\/p>\n

Another blockchain security firm Certik reported<\/a> a phishing site advertised by a fake Arbitrum Twitter account. On March 25, Certik said<\/a> a fake phishing link was posted on Arbitrum's official Discord Server.<\/p>\n

Is Upbit accumulating ARB?<\/h2>\n

Meanwhile, web3 knowledge protocol 0xScope reported<\/a> that an externally owned account (EOA) suspected to be UPbit collected a “massive” amount of ARB in the past day.<\/p>\n

According to on-chain data<\/a>, the wallet now holds 59 million tokens worth $84.4 million.<\/p>\n

If 0xScope's assumption is right, the Korean exchange holds the second most ARB tokens after Binance.<\/p>\n

Bankrupt Alameda claims over 33,000 ARB tokens<\/h2>\n

According to Arkham Intelligence, crypto wallets connected to bankrupt crypto firm Alameda Research claimed 33,125 ARB tokens \u2014 <\/span> worth $45,000 \u2014 <\/span>from the March 23 airdrop.<\/p>\n

Arkham tweeted<\/a> that one of the bankrupt's firm accounts \u2014 “<\/span>0xc5e” \u2014 <\/span>received the maximum allocation of 10250 ARB. The other four accounts received between 2,125 – 8,750 tokens.<\/p>\n

\"Alameda
Source: Arkham Intelligence<\/figcaption><\/figure>\n

The firm's administrators have been consolidating<\/a> the bankrupt firm's assets from different on-chain sources in one wallet after it collapsed in November 2022.<\/p>\n

Arbitrum price down 3%<\/h2>\n

ARB is down 2.72% in the last 24 hours to trade at $1.35141 as of press time, according to CryptoSlate<\/em>\u00a0data.<\/span><\/p>\n

\"Arbitrum
Source: Tradingview<\/figcaption><\/figure>\n

The layer2 network token experienced a heavy sell-off after its launch on March 23, but its price has begun to stabilize over the past few days.<\/p>\n

The token is ranked among the top 40 digital assets by market cap with a valuation of $1.7 billion, according to CryptoSlate<\/em>\u00a0data<\/a>.<\/p>\n

Meanwhile, the network remains the most popular layer2 solution with over $6 billion worth of assets locked on it, according to L2beat<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two malicious players have stolen over a million Arbitrum (ARB) tokens, blockchain security firm Peckshield reported on March 31. According to the report, a wallet “0xbd4E” connected to an exploiter converted 933,375 ARB to 713 Ethereum (ETH) \u2014 worth $1.27 million \u2014 and bridged those tokens to Ethers mainnet. Another wallet \u2014 “0x7AFd,” which stole […]<\/p>\n","protected":false},"author":720,"featured_media":314118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76799,16041,76736],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nOver 1M Arbitrum tokens lost to phishing attack<\/title>\n<meta name=\"description\" content=\"On-chain investigator Lookonchain incorrectly tagged wallet one of the Arbitrum exploiter wallet "0xbd4E" as a "super airdrop hunter."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/over-1m-arbitrum-tokens-lost-to-phishing-attack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Over 1M Arbitrum tokens lost to phishing attack\" \/>\n<meta property=\"og:description\" content=\"On-chain investigator Lookonchain incorrectly tagged wallet one of the Arbitrum exploiter wallet "0xbd4E" as a "super airdrop hunter."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/over-1m-arbitrum-tokens-lost-to-phishing-attack\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-31T11:00:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-31T16:24:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/03\/arbitrum-phishing.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/over-1m-arbitrum-tokens-lost-to-phishing-attack\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/over-1m-arbitrum-tokens-lost-to-phishing-attack\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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