In an exhilarating twist of events, LookOnChain recently revealed that Kirill.eth, an address linked to Convex Finance, fell victim to a phishing scam yesterday, February 15, resulting in the loss of 180.25 million BEAM, the native cryptocurrency of the Beam network. Intriguingly, this appears to be falling in line with the recent plunge witnessed by the BEAM token, nabbing significant attention among crypto market enthusiasts.
Meanwhile, the derivatives data for the token also signaled a downtrend for BEAM in the market. This appears to have birthed a tidal wave of speculations for the cryptocurrency’s run ahead.
Phishing Scam Births Price Slump
According to the data revealed by Lookonchain, the address ‘kirilm.eth’ lost BEAM worth $5.14 million, garnering noteworthy interest. Notably, the scammer promptly sold the acquired BEAM for 1,629 ETH, causing the price to take a bearish turn within the market. The data showcased by LookOnChain illustrated a 7% drop in the token’s pric
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