A crypto user just lost $908,000 in tokens, and the most shocking part? The transaction that drained their wallet was approved over 16 months ago.
! This wasn't a hack. It was a smart contract trap.
What Really Happened?
The victim unknowingly interacted with a malicious smart contract likely through a fake DApp, phishing site, or airdrop offer.
Back then, it looked harmless. But that single interaction gave the scammer unlimited token approval a silent permission to access and move funds at any time in the future
The attacker waited. And when the wallet was full... They drained it - instantly.
What Was Stolen?
.~$908,000 worth of tokens (mainly altcoins)
.No wallet breach occurred only pre-approved access was used
.This is now being called a "Sleeping Approval Attack"
How to Stay Safe in Web3
✅Revoke old approvals regularly Use tools like Revoke.cash or Etherscan Token Approvals
X Avoid granting "infinite approvals" unless absolutely necessary
⚠️Stay away from shady mint/airdrop sites if it looks too good to be true, it probably is
🔐Use a hardware wallet for long-term storage and large balances
Final Reminder
In crypto, your wallet = your responsibility.
Scammers are patient. That one harmless click today could cost you your entire portfolio next year.
🛡️Have you checked your token approvals lately?
Drop a ✅ if you just did or ask below if you need help.
#CryptoScam #WalletSecurity #Web3 #Ethereum #BinanceFeed #DYOR #SecurityTips #ScamAlert
