Scam Sniffer Reports Over $560,000 aEthUSDT Loss After Phishing Transaction

According to Scam Sniffer, a user lost more than $560,000 in aEthUSDT tokens on Dec. 16 due to authorizing a phishing transaction granting token spending permissions.

Summary

Scam Sniffer reported that on Dec. 16, a user lost over $560,000 worth of aEthUSDT tokens after signing a phishing transaction. The malicious authorization allowed an attacker on-chain permission to spend the user’s tokens, resulting in the complete loss of the reported amount.

Terms & Concepts
  • Authorization transaction: An on-chain token permission that allows a third-party address to spend a user’s tokens.
  • Signing: Confirming a blockchain transaction with a wallet, typically using a private key.
  • aEthUSDT: A cryptocurrency token referenced in the report; the source does not specify its protocol or issuer.