Onchain data shows that the encryption user has lost 908,551 dollars due to the wallet drainage process 458 days after the signing of a harmful approval treatment.
The attack arose from the ERC-20-20 approval treatment that is likely to be signed via the fake hunting site or the fake Airdrop-which gave the deceptive portfolio, “0x67e5ae”, continuous permission to reach the victim’s money.
The associated deception entitled Pink Reputation Wallet. theft 908,551 dollars from Stablecoin USDC (USDC), Scam Snifer Duplicate On X. The theft came 458 days after the victim signed the approval of approval on April 30, 2024.
The Security incident has prompted Scam Snifer to remind encryption users to “review and cancel old approvals”, or otherwise, may be the money obtained hard -to -find in danger.
He added: “The security of your wallet is important.”
The fruits of the patience of the deception
Even a month ago, the victim’s portfolio witnessed the minimum transactions activity and did not carry a small value – giving the attacker any incentive to act.
This changed on July 2, when the victim deposited $ 762397 in the contaminated wallet address, “0x6c0b6”, from the Metamask wallet at 8:41 pm UTC.
Ten minutes later, another $ 146,154 was transferred in USDC to the same wallet from the Kraken portfolio.
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It is possible that the portfolio will watch the portfolio next month, pending knowing whether more money will flow to it before it decides to drain the money in one treatment on August 2.
This late strike is a distinctive feature of approval of approval: the fraudsters await for several months, only emerges when it makes the victim’s portfolio balance worthy of attention.
Tools are already present to prevent these attacks
To help prevent such attacks, ETHEREUM users can use the symbolic approval of ETHERSCAN to review and cancel unnecessary symbolic approvals – although all cancellation requires gas fees.
Bad actors and deceptions stole more than $ 142 million of encryption space in July through at least 17 separate attacks, with the exploitation of Crypto Excination Coindcx, which represents the most important loss.
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The post Crypto Victim Loses $908,551 In Delayed Phishing Attack first appeared on Investorempires.com.
