A User Lost $4.2 million in a Phishing Attack

A user fell victim to a phishing attack and lost aEthWETH and aEthUNI worth $4.2 million after verifying multiple ERC-20 Permit transactions.

A User Lost $4.2 Million In A Phishing Attack_65bad0586e557.webp

A User Lost $4.2 million in a Phishing Attack

Phishing Attack Discovery

Discovered by the investigative unit Scam Sniffer on the morning of January 22, a user with the wallet address 0x17…3487 lost aEthWETH and aEthUNI totaling $4.2 million due to a phishing attack.

insane! someone lost $4.20m worth of aEthWETH and aEthUNI to crypto phishing about 40 minutes ago!https://t.co/PqtYbfjrW5 pic.twitter.com/2Nhx4HDQcK

— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) January 22, 2024

The victim approved multiple ERC-20 Permit transactions, enabling the attacker to exploit the CREATE2 opcode contract type, bypassing security warnings, creating new addresses for each signature, and successfully redirecting the victim’s funds.

victim:
0x1749ad951fb612b42dc105944da86c362a783487

scammers:
0x0000372B2BC916D6c904495e53533Ae90740F688
0xf672775e124E66f8cC3FB584ed739120d32bBaad

— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) January 22, 2024

In August 2023, a similar case using this method was reported by the security firm Slow Mist, resulting in the theft of $3 million in crypto.

Related: Phishing Attacks Cost Nearly 295 Million USD in 2023

Scam Sniffer Issues Warning

Scam Sniffer warns traders to exercise extreme caution when approving transactions, paying particular attention to warnings from Web3 wallet applications. Additionally, users are advised to equip themselves with knowledge about various phishing methods, including signature phishing.

a user lost 4 2 million in a phishing attack 65bad0587442d

According to Scam Sniffer’s New Year report, users lost nearly $295 million in 2023 due to impersonation attacks. This type of scam is considered the most prevalent tactic employed by hackers in the crypto space.

5.0/5

(100 votes)

Latest

Azcnews El Salvador To Mine $3 Trillion In Gold To Buy Bitcoin

News | Bitcoin | Editor Choice

El Salvador to Mine $3 Trillion in Gold to Buy Bitcoin

El Salvador has $3 trillion in gold reserves, and analysts suggest they should use this money to buy more Bitcoin.

Solana Launches Hackathon Competition For Ai Agents

News | AI | Altcoin | Editor Choice

Solana Launches Hackathon Competition for AI Agents

The Solana Foundation, in collaboration with a16z, is hosting an AI Hackathon for AI agent developers, offering prizes of up to $185,000.

Azcnews Xrp Surges Following Approval Of Stablecoin Rlusd

News | Altcoin | Editor Choice | Policy & Regulations

XRP Surges Following Approval of Stablecoin RLUSD

Ripple's stablecoin RLUSD has received approval from the New York Department of Financial Services (NYDFS), sending XRP soaring in price.

Azcnews Bitcoin Signals Point To A Potential Rise To $105k

News | Analytics | Bitcoin | Editor Choice

Bitcoin Signals Point to a Potential Rise to $105K

The recent price correction has caused Bitcoin to liquidate a large amount of leverage, creating a cushion for the price to possibly rise to $105K.

Microsoft Refuses To Buy Bitcoin As Reserve Asset

Bitcoin | Editor Choice | News

Microsoft Refuses to Buy Bitcoin as Reserve Asset

Microsoft shareholders have decided to reject the purchase of Bitcoin as a reserve asset due to its high volatility.