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In August 2024, a significant phishing attack resulted in the loss of $55 million in DAI from a whale's DSProxy, highlighting the need for improved wallet security practices. This incident is part of a broader trend, with phishing attacks responsible for 95% of stolen funds, totaling approximately $293.4 million. Notably, two major phishing attacks drained $238 million in Bitcoin and $55.4 million in DAI. Additionally, another recent phishing incident led to the loss of $805k worth of stETH by the Inferno drainer, with stolen funds being swapped for ETH. The compromised L2 DAI deployer further underscores the urgency of addressing security vulnerabilities in the crypto space.

