A crypto user fell victim to a wallet-draining scam after unknowingly signing a malicious approval transaction 458 days prior, highlighting the need for vigilance in wallet security.
A crypto user lost $908,551 to a wallet-draining scam that occurred 458 days after signing a malicious approval transaction. The scam originated from an ERC-20 approval transaction, likely signed via a phishing site, granting the scammer ongoing access to the victim's funds. The theft took place on August 2, 2025, after the victim deposited significant funds into the compromised wallet. Scam Sniffer advises users to regularly review and revoke old approvals to protect their assets.