TOKEN2049 attendees targeted in hacking wave as trader loses about $4M

A prominent trader lost about $4 million worth of crypto in hacking attacks targeting attendees of TOKEN2049 in Singapore this year, e27 reported. Hackers set up malicious networks masquerading as public Wi-Fi at the event venue and nearby hotels and airports, luring users to phishing sites or prompting them to install malware. Suspicions were also raised that, at a side event presented as cybersecurity training, attendees were induced to install remote-access malware, which was then used to steal wallet private keys and other sensitive data. The trader affected, Frogman, was said to have been exposed to the attack while networking locally during the event period, with nine tokens stolen from two main wallets, according to the report.