User loses $75,780 USDC in second theft after malicious Permit signature

GoPlus Security said the victim had first lost about $1,625 in a phishing attack 183 days earlier and did not revoke the related token approval.

USDC

Summary

A user lost about $75,780 in USDC after failing to revoke a malicious Permit authorization signed 183 days earlier, GoPlus Security said. The same wallet had already been hit in a phishing attack tied to that Permit transaction, losing about $1,625 in USDC at the time. The incident underscores how Permit signatures (token approvals by signature) can leave lingering risks if compromised permissions are not canceled after an initial exploit.

Terms & Concepts
  • Permit authorization: Token approval granted via signature
  • phishing attack: Scam that tricks users into authorizing theft
  • token approval: Permission allowing assets to be spent