Majority Of Phishing Incidents Involve Restaking ETH, Says WTF Academy Founder

According to BlockBeats, on September 28, 0xAA, the founder of WTF Academy, shared on social media that a previous analysis conducted in March revealed that nearly 70% of phishing incidents occur during the restaking of ETH. 0xAA explained that once ETH is converted to xxxETH, hackers only need a single signature to steal the assets. This highlights a significant vulnerability in the process of restaking ETH, making it a prime target for cybercriminals. Earlier today, BlockBeats reported that a prominent whale address fell victim to a phishing attack, resulting in the theft of over 12,000 spWETH, valued at approximately $32.43 million.