SECURITY ALERT!
According to CryptoPotato, an individual recently fell victim to a crypto phishing attack, losing a staggering $4.2 million worth of aEthWETH and aEthUNI. đ±
Scam Sniffer, a Web3 security firm, revealed that the attacker used a deceptive ERC-20 permission signature to manipulate approvals for multiple transactions.
The victim unwittingly signed off on transactions, allowing the attacker to redirect funds to an unauthorized address before execution. đ”ïžââïž
This sophisticated attack leveraged Opcode malware, a malicious software exploiting operation codes in scripting languages across platforms.
This type of malware can reroute funds, authorize unauthorized expenditures, and immobilize assets within smart contracts, all while evading traditional security measures.
Experts caution that Opcode malware can seize control over a victimâs CPU, memory, and system resources by exploiting weaknesses in the operating system or other software.
Phishing activities are on the rise, with scammers using advanced tactics to bypass security measures.
Even crypto whales, holding substantial market-influencing assets, have fallen victim to fraudsters, losing millions in the process.
Stay vigilant
