MetaMask Large USDC/USDT Theft Setana0
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Setana0 reported that $88k worth of funds were stolen from their MetaMask account. It appears that their wallet was somehow compromised. As there is no evidence of a smart contract approval being involved, it is most likely due to a seed phrase stored insecurely.
This is a global/international case not involving a specific country.[1][2][3][4][5][6][7][8][9][10][11][12]
About MetaMask
"Im completely devastated. I honestly have no idea how or when my metamask or laptop got compromised. To think i was planning to get a hardware wallet. Not even in the mood to write anything. My life was already going backwards and now this. Any ideas on what i should do. Also If someone can shed some light on the situation.All the transaction on the 12th of July werent mine."
"Everyone makes mistakes, and that’s true. However the risk/reward should line up. If a lot is at stake, then having safeguards and back ups are useful.
No one expects anyone to be perfect, that’s why people and companies compensate in other areas. Insurance is another such backup plan.
Making a mistake is human, but not being prepared is simply folly. And the first step towards avoiding mistakes is to acknowledge you can make them. To admit you’re not perfect, and then plan for it.
The people who just go “why bother planning, yolo!” Are the ones who get screwed over the most. And that recklessness should be called out and corrected."
OP that's so rough! I'm so sorry for you man, such a [horrible] situation. It's gonna be devastating, but you're just going to have to move on. Easier said than done, but you have no other choice. Best of luck to you in life man, things will work out.
This is a global/international case not involving a specific country.
The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.
Include:
- Known history of when and how the service was started.
- What problems does the company or service claim to solve?
- What marketing materials were used by the firm or business?
- Audits performed, and excerpts that may have been included.
- Business registration documents shown (fake or legitimate).
- How were people recruited to participate?
- Public warnings and announcements prior to the event.
Don't Include:
- Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
- Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.
The Reality
This sections is included if a case involved deception or information that was unknown at the time. Examples include:
- When the service was actually started (if different than the "official story").
- Who actually ran a service and their own personal history.
- How the service was structured behind the scenes. (For example, there was no "trading bot".)
- Details of what audits reported and how vulnerabilities were missed during auditing.
What Happened
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
| Date | Event | Description |
|---|---|---|
| July 12th, 2022 11:19:37 AM MDT | USDC Theft | An initial theft of 45,860.064432 USDC is taken from Setana0's wallet. |
| July 12th, 2022 11:20:20 AM MDT | USDT Theft | A further transfer of 19,111.780085 USDT is taken from Setana0's wallet. |
| July 12th, 2022 11:21:59 AM MDT | gOHM Theft | 2.008524109747048012 gOHM tokens (OlympusDAO) are taken from Setana0's wallet. |
| July 12th, 2022 11:26:26 AM MDT | ETH Theft | 0.151518662904685053 ETH is taken to clear out Setana0's wallet. |
| July 12th, 2022 12:31:18 PM MDT | ETH Transfer | 0.0008 ETH is transfered into Setana0's wallet. |
| July 12th, 2022 12:42:37 PM MDT | Floki Theft | 2,647,510,449.552820722 Floki is taken from Setana0's wallet. |
| July 16th, 2022 11:36:26 AM MDT | Coinbase Withdrawal | 0.00895358 ETH worth of funds are withdrawn from Coinbase into Setana0's wallet. |
| July 16th, 2022 1:52:37 PM MDT | Reddit Post | Issue is posted on Reddit. |
Technical Details
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?
Total Amount Lost
The total amount lost has been estimated at $88,000 USD.
How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
Immediate Reactions
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?
Ultimate Outcome
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?
Total Amount Recovered
There do not appear to have been any funds recovered in this case.
What funds were recovered? What funds were reimbursed for those affected users?
Ongoing Developments
What parts of this case are still remaining to be concluded?
Individual Prevention Policies
No specific policies for individual prevention have yet been identified in this case.
For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.
Platform Prevention Policies
Policies for platforms to take to prevent this situation have not yet been selected in this case.
For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.
Regulatory Prevention Policies
No specific regulatory policies have yet been identified in this case.
For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.
References
- ↑ [deleted by user] : CryptoCurrency (Mar 6, 2023)
- ↑ Just found out more than 88k usd worth of crypto was stolen from my metamask : CryptoCurrency (Jan 9, 2024)
- ↑ Naus1987 comments on [deleted by user] (Jan 9, 2024)
- ↑ Alanski22 comments on [deleted by user] (Jan 9, 2024)
- ↑ Address 0x1ae31f08f63df72b1e15e2ecbb937f132776c422 | Etherscan (Jan 15, 2024)
- ↑ Ethereum Transaction Hash (Txhash) Details | Etherscan (Jan 15, 2024)
- ↑ Ethereum Transaction Hash (Txhash) Details | Etherscan (Jan 15, 2024)
- ↑ Ethereum Transaction Hash (Txhash) Details | Etherscan (Jan 15, 2024)
- ↑ Ethereum Transaction Hash (Txhash) Details | Etherscan (Jan 15, 2024)
- ↑ Ethereum Transaction Hash (Txhash) Details | Etherscan (Jan 15, 2024)
- ↑ Ethereum Transaction Hash (Txhash) Details | Etherscan (Jan 15, 2024)
- ↑ Ethereum Transaction Hash (Txhash) Details | Etherscan (Jan 15, 2024)