Mystery of the Divine Fish: How Whale CZSamSun Lost 12,000 WETH in a Shocking Heist!

A significant incident has emerged involving the theft of approximately 12,083.6 spWETH, valued at over $32 million, from an unidentified wallet address (0xaa15..). This breach, attributed to a phishing attack, has sparked intrigue within the cryptocurrency community, particularly regarding its potential connection to Sam Sun, co-founder and CEO of Cobo.

$26 Million in spWETH Stolen and Dispersed; Links Found to High-Volume Transaction Address

According to CertiK, a cybersecurity firm, 10,000 spWETH (worth about $26 million) was swiftly transferred to a different wallet starting with 0x471c…, after which the stolen funds dispersed across various addresses. Blockchain investigator ZachXBT later revealed that this address had conducted transactions exceeding $100 million with the czsamsun.eth address, suggesting a link between the two.

The flow of stolen funds. Source: SKYTRACE

Compromised Wallet Holds $33 Million in Assets; Attacker Offered 20% Reward for Recovery

Data from Debank indicates that the compromised wallet (0xaa1582084c4f588ef9be86f5ea1a919f86a3ee57) still retains cryptocurrency assets worth $33 million. This includes approximately $24.35 million in various assets on Ethereum and $8.63 million on Scroll.

Source: Debank

After the theft, according to Etherscan data, the 0xaa15... address posted a message to the attacker on the chain on the 28th, stating that if the attacker is willing to return the funds, he is willing to provide him with a 20% reward. It is unclear whether a response has been received. .

Image source: Etherscan

Who is czsamsun.eth?

The identity of czsamsun remains undisclosed, but speculation suggests that the name may combine elements from notable figures in the crypto space, including Changpeng Zhao (CZ), Sam Bankman-Fried, and Justin Sun. The address gained notoriety during the USDC depegging incident last year, executing substantial arbitrage operations. In March, czsamsun.eth deposited large amounts of stETH and ETH into Aave and Instadapp while borrowing USDT to purchase USDC, ultimately profiting around $1.3 million as USDC regained its peg to the dollar.

This incident highlights vulnerabilities in the cryptocurrency space, even among prominent figures. The ease with which substantial assets can be compromised raises concerns about the security measures in place across platforms and wallets.