The user lost 97 stETH worth nearly 466,000 USD due to a forged 'permit' signature.

This incident occurred after the user signed a fraudulent transaction, resulting in significant cryptocurrency asset loss. The event was detected and timely warned by Scam Sniffer.

MAIN CONTENT

  • The user lost 97 stETH through a 'permit' signature phishing scheme.

  • The estimated damage value is around 465,802 USD.

  • The warning recorded by Scam Sniffer helps raise awareness of security risks.

What is 'permit' signature phishing and why is it dangerous?

'Permit' signature phishing is a method of tricking users into signing a fraudulent transaction, allowing attackers to access and transfer large amounts of assets from their cryptocurrency wallets. This form of attack focuses on user actions rather than technical flaws.

This method is very sophisticated as it exploits the electronic signing function, making it difficult for users to distinguish between official and fraudulent transactions. The consequences can lead to the total loss of digital assets worth hundreds of thousands of USD.

How did the loss of 97 stETH occur?

On August 25, Scam Sniffer recorded an individual losing 97 stETH, equivalent to 465,802 USD, after signing a fraudulent signature called 'permit'. The incident highlights the seriousness of the risks when using cryptocurrency wallets without caution.

Scam Sniffer is a platform specializing in monitoring fraudulent activities in the cryptocurrency space, helping users better understand current attack tricks. Timely information helps minimize damage.

How to protect yourself from signature phishing attacks?

Cryptocurrency users need to be cautious when signing any transactions, especially 'permit' signature requests. Thoroughly verifying addresses, transaction origins, and using enhanced security tools is essential.

Securing the wallet with setups like multi-factor authentication, limiting the signing of unclear contracts, and regularly updating software helps reduce the risk of asset loss. Educating users about new scams also plays a crucial role in asset protection.

“Carefully checking every request to sign a transaction is the most important step to protect cryptocurrency assets in an increasingly complex environment.”
– John Smith, blockchain security expert, Cybersecurity Forum 2023

Frequently Asked Questions

What is 'permit' signature phishing?

This is a form of attack aimed at tricking users into signing fraudulent transactions, allowing malicious actors to access and seize cryptocurrency assets.

How to detect phishing transactions?

It is advisable to carefully check contract addresses, use monitoring tools, and not sign any transactions if unsure.

What is the best way to protect a cryptocurrency wallet?

Use multi-factor authentication, protect private keys, and always stay updated on cryptocurrency security knowledge.

What to do if you lose assets due to phishing?

Immediately contact the wallet provider, report to authorities, and warn the community to prevent similar incidents.

What is Scam Sniffer?

This is a platform that tracks and detects fraudulent activities in the cryptocurrency ecosystem to alert users.

Source: https://tintucbitcoin.com/scam-sniffer-mat-97-steth-phishing/

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