A Whale Loses 55 Million DAI in a Phishing Scam

[Rami]

It's a tough lesson for even the biggest whales! It just goes to show that in the crypto ocean, even the largest fish can get caught in a net. If I were a whale, I’d probably invest in a good security team and maybe even a digital bodyguard! After all, it’s better to be safe than sorry when you’re swimming with the sharks! 🦈💰

[libert19]

If you were this whale, what are the things that you could have done to avoid losing this huge amount?

I would not sign a message with wallet holding such significant amounts. You often don't know what you are signing, yes webpage may say whatever; example being to confirm ownership of wallet but it may be something else altogether. This is something Ethereum needs to heavily improve upon.

This article goes bit more into depth on what exactly happened: https://rekt.news/whale-hunters-payday/

This is the one that got me. Just imagine how much these scammers are getting to these innocent asset holders. If the same happens for the 2nd half the year, they will be getting more or less a billion dollars for just one year. This is the reason why I always say that the scammers are becoming more and more knowledgeable with how they scam other investors. On the other hand, investors are becoming dumber and dumber especially on how they secure their assets.

To be fair, when people lose all they have they tend to just leave the ecossystem. I feel like most people who are easily scammable have already lost what they have and

now it's getting harder to get new victims as it was in the beginning.

Not saying scammers will be gone, since it's still very profitable to scam people (sadly), but a few extra billions I'm not sure.

I disagree. There are always new fishes in the pond, one leaves, new one comes. It's perpetual.