USDC Wallet Draining Scam Highlights Risks of Long-Term Phishing Approval Transactions
The post USDC Wallet Draining Scam Highlights Risks of Long-Term Phishing Approval Transactions appeared on BitcoinEthereumNews.com. A crypto user lost $908,551 in a phishing approval scam 458 days after unknowingly granting wallet access, highlighting the critical need to regularly review and revoke token approvals to protect funds. The attacker waited over a year, striking only after large deposits increased the wallet’s value. Experts advise using tools like token approval checkers to revoke unnecessary permissions and enhance wallet security. ‘, ‘
The post USDC Wallet Draining Scam Highlights Risks of Long-Term Phishing Approval Transactions appeared on BitcoinEthereumNews.com.
A crypto user lost $908,551 in a phishing approval scam 458 days after unknowingly granting wallet access, highlighting the critical need to regularly review and revoke token approvals to protect funds. The attacker waited over a year, striking only after large deposits increased the wallet’s value. Experts advise using tools like token approval checkers to revoke unnecessary permissions and enhance wallet security. ‘, ‘
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