A Loss of $900,000 Occurred Due to Transaction Approval 15 Months Ago

YM Lee

Summary

It was reported that a phishing scam amounting to $900,000 occurred due to malicious ERC-20 approval transactions.
The phishing damage was discovered 458 days after the transaction approval, and the access authority was maintained for a long period.
The on-chain security protocol Scam Sniffer advised that regular review and revocation of approval transactions is important for protecting your funds.

A phishing scam involving malicious ERC-20 approval transactions caused losses amounting to $900,000.

On the 3rd (local time), the virtual asset (cryptocurrency) media outlet Cointelegraph reported, "A phishing case has emerged in which losses of over $900,000 occurred due to signatures on phishing sites and fake airdrop pages."

According to data, the scammer's wallet '0x67E5Ae' gained access to the victim's wallet on April 30, 2024, and the phishing damage occurred a full 458 days after the transaction approval.

The on-chain security protocol Scam Sniffer advised, "Regularly review and revoke existing approval transactions. Otherwise, the funds you hold could be at risk."

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE

A Loss of $900,000 Occurred Due to Transaction Approval 15 Months Ago

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