The post Another Crypto Victim Loses $1.57M in Permit Phishing Attack appeared first on Coinpedia Fintech News
There is a new getting daily: permit phishing is getting bigger and a new victim has been caught who lost $1.57 million. Scam Sniffer, a web3 scam detection firm stated that the victim, possibly related to AzukiPH, executed a fake “permit” signature that allowed cybercriminals to hijack the user’s cryptocurrency wallet.
3 hours ago, another victim lost $1.57M after signing a „permit” phishing signature. pic.twitter.com/wDGZIMdJ7N
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) October 15, 2024
The stolen tokens were then converted to Ethereum and then the hackers migrated to Ethereum Mainnet by using Synapse, one of the most commonly used cross-chain networks.
Permit phishing: A Rising Threat
Permit phishing has become a common method for attackers to steal resources from vulnerable targets. In these schemes, specified victims are tricked or coerce
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