On July 21, 2025, a crypto investor lost NFTs worth $1.23 million due to a phishing attack. According to Scam Sniffer, the victim visited a fake website that mimicked the Uniswap platform and signed a malicious transaction. This transaction contained a setApprovalForAll function, which allowed the attackers to gain access to all of the user's NFTs on Uniswap and transfer them to their own wallets. The phishing site was advertised through Google Ads, highlighting the danger of even paid advertising.
This incident once again highlights the importance of caution in the crypto space. To avoid similar losses, Scam Sniffer advises carefully checking transaction signature requests and not rushing to confirm them. Phishing attacks are becoming increasingly sophisticated, using fake websites and social engineering. In 2023, $295 million was lost due to such schemes, indicating the scale of the problem.
Protect your assets: check URLs, avoid suspicious links, and use reputable wallets. Stay updated on crypto world news with #MiningUpdates to be aware of the latest threats and trends!
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