Will BEAM Bounce Back After $5.14M kirilm.eth Phishing Scandal?

• The stolen BEAM was converted for 1,629 ETH, unsettling the BEAM market.
• Post-phishing, BEAM sees volume surge, hinting at potential market stabilization.
• kirilm.eth loses 180.25M BEAM ($5.14M) to a phishing attack, sparking a 7% market drop.

kirilm.eth was involved in a phishing attack that took place on February 15, costing them 180.25 million BEAM, worth about $5.14 million.

Following the attack, the stolen BEAM was converted into 1,629 Ethereum (ETH), valued at $4.6 million. The move proved destructive to Kirilm.eth, having caused waves in the BEAM market, leading to a 7% price decrease.

Concurrently, BEAM’s market capitalization and 24-hour trading volume dipped by 4.55% and 1.38% to $14,424,788 and $1,003,331, respectively. At press time, BEAM exchanged hands at $0.09765, a 4.31% decline from the intra-day high of $0.109, according to data from CoinStats.

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