March 12, 2025
Address Compromised in Phishing Attack: Loss of $1.82M USDC
An address, identified as 0xa4C1...683f, was compromised in a phishing attack resulting in the loss of approximately 1.82 million USDC, according to PeckShieldAlert. This incident underscores ongoing risks associated with digital asset security and highlights the importance of vigilance in safeguarding crypto assets.
Market Reaction and Analysis
"At the time of the attack, USDC's price experienced a slight dip from $1.0001 to $0.9998 within 15 minutes," reflecting immediate market reactions (CoinGecko, 2025). Trading volumes on major exchanges like Coinbase and Binance increased by 12% and 8%, respectively, indicating heightened interest and concern over stablecoin security.
Posted on March 12, 2025
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