๐จ A crypto user has lost a shocking $908,000 โ and the twist?
The scam happened 16 months after they unknowingly gave token approval to a malicious contract.
This wasn't a hack. It was a stealth smart contract scam.
๐ง What Went Wrong?
The victim interacted with a fake DApp or airdrop site 16 months ago.
They unknowingly gave infinite token approval to a scam contract.
The scammer waited silently, then emptied the wallet in one go.
โ ๏ธ No security breach. Just smart contract permission abuse.
๐ธ Total Loss?
โข ~$908K in altcoins
โข All drained without a single alert
โข Known as a "sleeping approval attack" โ and itโs rising fast
๐ก๏ธ Protect Yourself NOW
โ Regularly revoke token permissions
๐ Use tools like Revoke.cash or Etherscan approvals
๐ซ Never allow unlimited access unless absolutely needed
๐ง Avoid shady airdrop/mint sites
๐ Store large funds in a hardware wallet
๐ Donโt End Up Like This
Your wallet = your responsibility
Crypto scammers are playing the long game
โ ๏ธ That one โApproveโ click todayโฆ could cost you your entire portfolio next year.
๐ฌ Checked your approvals recently?
Drop a โโ โ below if you just did โ or ask for help!
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Stay sharp. Stay safe. #DYOR ๐
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