🚨 $908K Lost in Delayed Crypto Phishing Attack — Here’s How to Protect Yourself

[bonk]

A crypto investor just lost $908,551 in a sophisticated phishing scam — 15 months after unknowingly giving a scammer access to their wallet.

The attack, revealed by Scam Sniffer, is a chilling reminder that a single malicious transaction can haunt you long after it’s signed.
What happened?

Back in April 2024, the victim likely interacted with a fake airdrop or phishing site and signed an ERC-20 token approval—a seemingly harmless transaction that silently granted the scammer’s address ongoing access to their wallet.

Fast-forward 458 days later:

On July 2, the victim deposited $762K into the compromised wallet.

Ten minutes later, another $146K arrived from Kraken.

The attacker patiently waited…

Then struck on August 2, draining the full balance in USDC.

All it took was one old approval. And a lot of patience.
What is a phishing approval?

Unlike traditional phishing where you give away your seed phrase, this type of attack tricks you into signing a permission (called an "approval") that lets the attacker spend your tokens anytime in the future — no need for a hack or brute force.

The scary part? You might not notice it happened.
️ How to protect your funds:

✅ Regularly revoke token approvals using tools like:

    Etherscan’s Token Approval Checker

    Revoke.cash

🔍 Double-check every signature — especially when interacting with unknown dApps or airdrops.

🔒 Avoid signing blind transactions (especially “SetApprovalForAll”).

📉 Keep large funds in cold storage — never in a wallet with unknown permissions.

“Your wallet security matters,” says Scam Sniffer. And this case proves it.

Lesson: Phishing attacks aren’t always fast and flashy. Some of the most damaging ones are silent, slow, and completely legal—until it’s too late.

Take 5 minutes today to check your approvals. It could save your portfolio tomorrow.

[Nahid10]

Absolutely alarming — $908K lost in a delayed phishing attack is a brutal reminder that threats in crypto aren't always immediate. The sophistication of these scams is increasing fast. It's not just clicking a bad link anymore — attackers are embedding malware, hijacking sessions, and even waiting weeks to strike.

This case highlights how crucial it is to use hardware wallets, regularly revoke token approvals, and double-check every single interaction with your wallet. No matter how experienced we think we are, one small lapse can cost everything.

Thanks for bringing attention to this — more people need to treat their wallet security as seriously as they treat their portfolio strategy. ️