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A victim lost $908,551 in a crypto phishing scam 15 months after signing a malicious app<\/a>roval transaction. The scammer waited until two large deposits were made before striking.<\/p>\n A crypto user lost $908,551 to a wallet-draining scam 458 days after unknowingly signing a malicious approval transaction, onchain data shows.<\/p>\n The attack originated from an ERC-20 approval transaction \u2014 likely signed via a phishing site or fake airdrop \u2014 that gave the scammer\u2019s wallet, \u201c0x67E5Ae,\u201d ongoing permission to access the victim\u2019s funds.<\/p>\n The scammer \u2014 linked to the notorious pink-drainer.eth wallet address \u2014 executed the theft on Aug. 2 at 4:57am UTC, stealing<\/a> $908,551 worth of the USDC (USDC<\/a>) stablecoin, Scam Sniffer pointed<\/a> out on X. The theft came 458 days after the victim signed the phishing approval transaction on April 30, 2024.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n