Crypto Heist: $908K Lost in Sophisticated Scam

1 min read
Source: Cointelegraph
Crypto Heist: $908K Lost in Sophisticated Scam
Photo: Cointelegraph
TL;DR

A crypto user lost $908,551 in a sophisticated phishing scam 15 months after unknowingly signing a malicious approval transaction, with the attacker patiently waiting until the wallet held significant funds before executing the theft. The incident highlights the importance of regularly reviewing and revoking old token approvals to prevent such attacks.

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