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

  • A phishing attack resulted in a crypto user losing $7.8 million worth of SolvBTC.
  • The attacker used Ethereum's CREATE2 opcode to predict and pre-compute addresses, bypassing wallet security alerts.
  • The incident highlights the rising sophistication of scams, combining phishing tactics with advanced social engineering and malware deployment.
  • Scam Sniffer warns of a growing trend of crypto scams on social media, with fake accounts impersonating influencers to lure victims.

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