How to stay safe on-chain: Three crypto users lose $876K within hours
In just over 15 hours, three unlucky crypto users lost a total of $876,000 worth of assets to common on-chain scams. A combination of techniques, specifically ‘approval phishing’ and ‘address poisoning,’ were used in the scams, which were spotted by X (formerly Twitter) account Scam Sniffer. The first, and largest, of the thefts was caused by a user signing a malicious ‘permit’ transaction, allowing the scammer to steal 211 Lido-staked ether (stETH) worth $654,000. 5 hours ago, someone lost 211 stETH ($654,042) after signing a "permit" phishing signature. pic.twitter.com/HqURyA5IiB — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) November 14, 2024 Read more: Compound Finance and Celer Network websites compromised in ‘front-end’ attacks Phishing with drainers According to Scam Sniffer, the address to which the victim had inadvertently granted approval to move their stETH was “ a malicious contract disguised as a Token .” These dangerous...