Security team: An address encountered an ERC20 Permit phishing attack, resulting in a loss of approximately 2.28 million US dollars

On May 1st, it was reported that the Web3 anti fraud tool Scam Sniffer posted that the address starting with “0x36b” encountered an ERC20 Permit phishing attack 10 hours ago, resulting in a loss of approximately 2.28 million USDCs. The fraudulent addresses are: “0xdd6cf6483fe5d948e0Aee94d94b8c98f055d1b0”, “0xb6d6c8193cc2d28be229ac208b1cd689653e75d4”, “0x076a3a43b9ed37f9001e58b2418e87333385d4e8”. Slow fog prompt: The stolen funds are all stored in the hacker address “0xCA4DDFFE50720292C9F0530B6F98Ca5e40c046b5”.

Security team: An address encountered an ERC20 Permit phishing attack, resulting in a loss of approximately 2.28 million US dollars

I. Introduction
– Brief explanation of the Scam Sniffer incident
II. What is Scam Sniffer?
– Explanation of Scam Sniffer and how it works
III. ERC20 Permit phishing attack
– Description of ERC20 Permit phishing attack
IV. The Scam Sniffer report
– Details of the report by Scam Sniffer
V. The stolen funds
– Explanation of the stolen funds and the hacker address
VI. Importance of anti-fraud tools
– Discussion on how anti-fraud tools like Scam Sniffer can prevent such incidents
VII. Conclusion
– Summary of the article
VIII. FAQs
– Question 1: How can individuals protect themselves from such attacks?
– Question 2: Are there other anti-fraud tools like Scam Sniffer?
– Question 3: Will the stolen funds be recovered?
# On May 1st, it was reported that the Web3 anti fraud tool Scam Sniffer posted that the address starting with “0x36b” encountered an ERC20 Permit phishing attack 10 hours ago, resulting in a loss of approximately 2.28 million USDCs. The fraudulent addresses are: “0xdd6cf6483fe5d948e0Aee94d94b8c98f055d1b0”, “0xb6d6c8193cc2d28be229ac208b1cd689653e75d4”, “0x076a3a43b9ed37f9001e58b2418e87333385d4e8”. Slow fog prompt: The stolen funds are all stored in the hacker address “0xCA4DDFFE50720292C9F0530B6F98Ca5e40c046b5”.

Introduction

On May 1st, it was reported that the anti-fraud tool Scam Sniffer had discovered an incident involving an ERC20 Permit phishing attack. The attack resulted in a loss of approximately 2.28 million USDCs.

What is Scam Sniffer?

Scam Sniffer is a Web3 anti-fraud tool that scans blockchain transactions for fraudulent activities. It helps identify scams and prevents users from falling victim to them.

ERC20 Permit phishing attack

ERC20 is a standard interface for tokens on the Ethereum blockchain. It allows for the creation of tokens that can be traded on various decentralized applications. An ERC20 Permit phishing attack involves a malicious actor getting a user to sign a fake permit that allows the transfer of a user’s tokens to another address without their consent.

The Scam Sniffer report

According to Scam Sniffer, the attack involved an address starting with “0x36b” being targeted by fraudulent addresses “0xdd6cf6483fe5d948e0Aee94d94b8c98f055d1b0”, “0xb6d6c8193cc2d28be229ac208b1cd689653e75d4”, and “0x076a3a43b9ed37f9001e58b2418e87333385d4e8”. The attack resulted in the loss of approximately 2.28 million USDCs.

The stolen funds

All of the stolen funds were transferred to the hacker address “0xCA4DDFFE50720292C9F0530B6F98Ca5e40c046b5”. The funds are now stored in this address, and it is unknown if they will ever be returned to their rightful owners.

Importance of anti-fraud tools

Incidents like this highlight the importance of anti-fraud tools like Scam Sniffer. These tools can help prevent users from falling victim to scams and losing their hard-earned funds. It is crucial for individuals to use such tools to protect themselves and their assets.

Conclusion

The recent Scam Sniffer incident involving an ERC20 Permit phishing attack resulting in the loss of approximately 2.28 million USDCs is an example of the importance of anti-fraud tools. Such incidents serve as a reminder to individuals of the need to stay vigilant and use available resources to protect themselves and their assets.

FAQs

Q1: How can individuals protect themselves from such attacks?

Individuals can protect themselves from such attacks by being cautious of any unsolicited messages or emails asking for access to their wallets or private keys. It is essential to verify the authenticity of any requests before providing access.

Q2: Are there other anti-fraud tools like Scam Sniffer?

Yes, there are other anti-fraud tools like Scam Sniffer that help prevent users from falling victim to fraud and scams. Examples include MyCrypto, Cryptonize.it, and EtherScamDB.

Q3: Will the stolen funds be recovered?

It is uncertain if the stolen funds will ever be recovered. However, individuals can take steps to prevent such incidents and protect themselves and their assets.