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Crypto Whale Loses $1.3M to Permit2 Phishing Scam—Stay Safe!

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By on October 14, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Crypto Whale Loses $1.3M to Permit2 Phishing Scam—Stay Safe! appeared first on Coinpedia Fintech News

With the crypto market turning volatile and the FOMO kicking in, malicious on-chain activities are resurfacing again. In a very recent incident, a wallet lost an entire portfolio worth $1.3M after falling victim to a phishing scam. The owner of the wallet unknowingly signed a “Permit2” signature. Following the signature, the hacker emptied the wallet in a total of 6 transactions, clearing 165,008 MSTR tokens worth $169K, 73.83 million APU tokens valued at $68K, and a staggering 107.8 billion PEPE tokens amounting to $1.05 million.

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