He clicked on the link and had his $4.42 million stolen!

A user clicked on a phishing link and had $4.42 million worth of Chainlink (LINK) stolen.

In the bull market, many crypto investors made various moves in an attempt to make high profits. Crypto investors have managed to catch the rises by buying many cryptocurrencies from the bottom.

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Between June 7, 2022, and Oct. 14, 2023, a crypto wallet accumulated 290,750 LINK from exchanges, averaging $7.8. This wallet spent a total of $2.26 million. With LINK experiencing a bull run, the wallet's earnings were $2.4 million.

The wallet, which made a huge profit from LINK, fell victim to a mistake it made and lost all its assets.

Victim of phishing theft: $4.42 million evaporated!

A crypto wallet made its $2.26 million investment to $4.42 million. The investor, who made a huge profit on Chainlink (LINK), had his entire money stolen with a single click.

According to a post by Lookonchain based on on-chain data, $4.42 million in phishing theft took place. The main reason for this theft was clicking on a wrong link.

What an unlucky guy!

He got 275,700 $LINK($4.42M) stolen by a phishing attack.

This guy accumulated 290,750 $LINK($2.26M) at $7.8 from exchanges between Jun 7, 2022, and Oct 14, 2023, a profit of nearly ~$2.4M currently.

Unfortunately, he accidentally clicked on the phishing... pic.twitter.com/2FqM72T3f7

— Lookonchain (@lookonchain) December 29, 2023

A crypto wallet was compromised when he clicked on a phishing link and gave his permission signature to the wallet confirmation that came his way. The wallet evaporated $4.42 million with a single click.

Between June 7, 2022, and October 14, 2023, the wallet purchased $2.26 million worth of LINK. The wallet, which has accumulated LINK at an average of $7.8, has made a huge gain as LINK has risen to a level close to $15. This earnings, which were the accumulation of a year, were stolen due to second-to-second transactions.

Cryptocurrency investors are often advised not to click on phishing links, especially those shared on social media platforms. Platforms like X have not yet been able to take precautions against such thefts. Through the artificial connection they create, thieves are able to impersonate existing crypto projects and lure investors into the hook. It is not a problem for investors to click on the link, but if the desired wallet confirmations are signed after clicking on the link, things change.

As a result of allowing the link he clicked, this victim lost the money he had accumulated for more than a year.