A MakerDAO governance delegate lost $11 million worth of Aave Ethereum and Pendle USDe tokens in a phishing scam by signing multiple phishing signatures. The incident was detected by Scam Sniffer on June 23. The victim transferred tokens to a scammer's address, leading to the loss. The delegate, crucial to MakerDAO's operations, votes on governance proposals and decisions. Scammers use 'approval phishing' to steal funds by tricking victims into signing transactions. Phishing scams, like this one, are common in the crypto world. In 2023, $300 million was drained from 320,000 users due to phishing. One victim lost $24.05 million in a similar scam. This incident highlights the importance of security measures in crypto governance to prevent such losses. Read more AI-generated news on: https://app.chaingpt.org/news