A crypto user just lost $908,000 worth of tokens in a devastating scam — and the most shocking part? The approval that drained their wallet was signed 16 months ago.

This wasn’t a hack. It was a smart contract trap.

🧠 What Actually Happened?

The user interacted with a malicious smart contract more than a year ago — likely from an airdrop site or fake DApp. At the time, it seemed harmless.

But in reality, that interaction granted “infinite token approval”, giving the scammer full access to the wallet whenever they wanted.

⏳ The attacker waited patiently.
🧹 Then silently drained the wallet — all at once.

💸 What Was Lost?

  • ~$908,000 in various tokens (mostly altcoins)

  • Wallet security was never breached — the permissions were already given

This is now being called a "sleeping approval attack" — and it's becoming more common.

🛡️ How to Protect Yourself

  1. Revoke old permissions regularly
    🔗 Use tools like Revoke.cash or Etherscan token approvals

  2. Don’t approve unlimited access unless absolutely necessary

  3. Avoid interacting with shady airdrop or mint sites

  4. Use a hardware wallet for larger amount

    $ETH

$XRP

🚨 Key Reminder

In crypto, your wallet = your responsibility. Scammers are playing the long game. That one-click approval today could cost you everything next year.

💬 Have you ever checked your wallet approvals?
👇 Drop a “✅” if you just did it — or ask if you need help!

#CryptoScam #WalletSecurity #Web3 #Ethereum #BinanceFeed #CryptoNews #ScamAlert #DYOR #SecurityTips