Web3 Anti-Fraud Tool Scam Sniffer Reports $2.28 Million USDC Loss in ERC20 Permit Phishing Attack

On May 1st, it was reported that the Web3 anti fraud tool Scam Sniffer posted that the address starting with “0x36b” encountered an ERC20 Permit phishing attack 10 hours ago, resulting in a loss of approximately 2.28 million USDCs. The fraudulent addresses are: “0xdd6cf6483fe5d948e0Aee94d94b8c98f055d1b0”, “0xb6d6c8193cc2d28be229ac208b1cd689653e75d4”, “0x076a3a43b9ed37f9001e58b2418e87333385d4e8”. Slow fog prompt: The stolen funds are all stored in the hacker address “0xCA4DDFFE50720292C9F0530B6F98Ca5e40c046b5”.

Security team: An address encountered an ERC20 Permit phishing attack, resulting in a loss of approximately 2.28 million US dollars

The cryptocurrency world has once again fallen victim to a malicious attack. On May 1st, it was reported that the Web3 anti-fraud tool Scam Sniffer posted that the address starting with “0x36b” encountered an ERC20 Permit phishing attack 10 hours ago, resulting in a loss of approximately 2.28 million USDCs. The fraudulent addresses are: “0xdd6cf6483fe5d948e0Aee94d94b8c98f055d1b0”, “0xb6d6c8193cc2d28be229ac208b1cd689653e75d4”, “0x076a3a43b9ed37f9001e58b2418e87333385d4e8”. Slow fog prompt: The stolen funds are all stored in the hacker address “0xCA4DDFFE50720292C9F0530B6F98Ca5e40c046b5”.

Outline:

1. Introduction
– Brief about the Web3 anti-fraud tool Scam Sniffer
– The attack on the address starting with “0x36b”
– Loss of around 2.28 million USDCs
2. What is an ERC20 Permit phishing attack?
– Definition
– Modus operandi
– Impact on users
3. Fraudulent Addresses involved in the attack
– “0xdd6cf6483fe5d948e0Aee94d94b8c98f055d1b0”
– “0xb6d6c8193cc2d28be229ac208b1cd689653e75d4”
– “0x076a3a43b9ed37f9001e58b2418e87333385d4e8”
4. Details about the stolen funds
– Stored in the hacker address “0xCA4DDFFE50720292C9F0530B6F98Ca5e40c046b5”
– Impact on the cryptocurrency market
5. How to protect yourself from phishing attacks
– Safe browsing practices
– Avoiding suspicious links and emails
– Using 2FA and other security measures
6. Conclusion
– Summary of the article
– The need for caution and vigilance
– Hope for improved security measures in the future

Web3 Anti-Fraud Tool Scam Sniffer Reports $2.28 Million USDC Loss in ERC20 Permit Phishing Attack

The cryptocurrency world continues to be plagued by fraudulent activities and malicious attacks. On May 1st, it was reported by the Web3 anti-fraud tool Scam Sniffer that an address starting with “0x36b” encountered an ERC20 Permit phishing attack, resulting in a loss of approximately 2.28 million USDCs. This raises concerns about the security and safety of cryptocurrencies and the need for better protective measures.
As the use of cryptocurrencies increases, so do the number of phishing attacks. These attacks are designed to steal cryptocurrencies by tricking users into giving away their private keys or seed phrases. The attackers use various tactics, including emails, fake wallets, and social media platforms, to deceive users.

What is an ERC20 Permit phishing attack?

An ERC20 Permit phishing attack is a type of phishing attack that targets ERC20 tokens, which are digital assets that run on the Ethereum blockchain. The attackers use fake websites or applications to trick users into granting permission to transfer their tokens. Once the attackers have gained access, they can transfer the tokens to their own wallets or exchange them for other cryptocurrencies.

Fraudulent Addresses Involved in the Attack

In this particular attack, the fraudulent addresses involved were “0xdd6cf6483fe5d948e0Aee94d94b8c98f055d1b0”, “0xb6d6c8193cc2d28be229ac208b1cd689653e75d4”, and “0x076a3a43b9ed37f9001e58b2418e87333385d4e8”. These addresses were used by the attackers to deceive users and steal their cryptocurrencies.

Details about the Stolen Funds

According to Slow Fog, all the stolen funds are stored in the hacker address “0xCA4DDFFE50720292C9F0530B6F98Ca5e40c046b5”. This has resulted in a loss of approximately 2.28 million USDCs, which has impacted the cryptocurrency market. Such attacks not only harm individual users but also shake trust in the cryptocurrency ecosystem as a whole.

How to protect yourself from phishing attacks

To avoid falling victim to phishing attacks, users must exercise caution and follow safe browsing practices. Avoiding suspicious links and emails, using 2FA, and keeping operating systems and applications up to date can prevent attacks from infiltrating your system. Users should also avoid sending private keys or seed phrases via email or messenger applications.

Conclusion

The recent attack on the address starting with “0x36b” highlights the vulnerability of cryptocurrencies to phishing attacks. The need for enhanced security measures and improved awareness amongst cryptocurrency users is crucial to mitigate such attacks in the future. While solutions are in the works, users must exercise caution in their transactions and interactions with the online digital asset world.

FAQs

1. What is an ERC20 token?
ERC20 tokens are digital assets that run on the Ethereum blockchain. They are fungible, meaning they have the same value and can be exchanged equally.
2. Can stolen cryptocurrencies be recovered?
Unfortunately, cryptocurrencies cannot be recovered once they are stolen. Users must exercise caution and take preventive measures to protect their digital assets.
3. Is it safe to use a third-party wallet?
Third-party wallets are safe to use as long as the user follows safe browsing practices, checks the security features and reviews of the wallet, and does not share their private keys or seed phrases with anyone.