USDC

Coin

<ul>
 <li><strong>A victim lost $96,352 to a “permit” phishing scam on October 7, 2025.</strong></li>
 <li><strong>Scammers exploited a signed malicious signature to drain USDC funds.</strong></li>
 <li><strong>Installing ScamSniffer’s extension can help safeguard against phishing attacks.</strong></li>
</ul>
<h2 class="wp-block-heading" id="strong-phishing-scam-claims-another-crypto-victim-strong"><strong>Phishing Scam Claims Another Crypto Victim</strong></h2>
<p>In a stark reminder of the persistent threats in the <a href="https://coincryptonewz.com/breaking-news/altcoin-news/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency </a>space, ScamSniffer recently reported a significant phishing incident on October 7, 2025. A victim lost $96,352 worth of assets after unknowingly signing a malicious “permit” signature, a common tactic used by scammers to exploit crypto wallets. The transaction, confirmed within eight seconds on the blockchain, involved transfers of 19,285.89707 USDC ($19,280.23) and 77,143.588281 USDC ($77,120.91) to two separate scammer addresses. This incident, detailed in <a href="https://x.com/realScamSniffer" target="_blank" rel="noopener noreferrer nofollow">ScamSniffer’s </a>latest alert, underscores the growing sophistication of phishing attacks targeting unsuspecting users.</p>
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<h2 class="wp-block-heading" id="strong-wallets-and-addresses-linked-to-the-fraud-strong"><strong>Wallets and Addresses Linked to the Fraud</strong></h2>
<p>The attack leveraged a fake phishing signature, a method where scammers trick users into authorizing transactions off-chain. Once signed, these permissions allow hackers to drain funds without the victim’s immediate knowledge.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p>A victim lost $96,352 after signing a malicious "permit" signature. <a href="https://t.co/VPFdOMLtU3" rel="noopener noreferrer nofollow">https://t.co/VPFdOMLtU3</a> <a href="https://t.co/ATm7KMHNsF" rel="noopener noreferrer nofollow">pic.twitter.com/ATm7KMHNsF</a></p>— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) <a href="https://twitter.com/realScamSniffer/status/1975539128369619073?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 7, 2025</a>
  </blockquote>
 </div>
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<p>The victim’s wallet address (0xf8751cd9e5df2daa464e2ae4f856763cc4554142) was compromised, with funds redirected to scammer addresses (0x2Ab75aF4A74C8528F0f4D3f0D522719761b707FB and 0x64437C40f366440cbbb12B2B9830c7d5fA3e91fc). This follows ScamSniffer’s September 2025 report, which highlighted “permit” signature phishing as a dominant threat, with a single loss of $6.5 million noted earlier.</p>
<h2 class="wp-block-heading" id="strong-education-is-the-key-to-prevention-strong"><strong>Education Is the Key to Prevention</strong></h2>
<p>Protecting oneself from such scams requires vigilance. Users should double-check all signature requests, avoid rushing into transactions, and install security tools like the ScamSniffer extension. Education is key—understanding phishing signatures and staying updated on scam tactics can prevent devastating losses. As crypto adoption grows, so do the risks, making awareness and proactive measures essential for every investor.</p>
<pre class="wp-block-preformatted">Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.</pre>
<p>&lt;p&gt;The post <a rel="noopener noreferrer nofollow" href="https://coincryptonewz.com/crypto-investor-loses-96k-in-phishing-scam/">Crypto Investor Loses $96K in Phishing Scam</a> first appeared on <a rel="noopener noreferrer nofollow" href="https://coincryptonewz.com">Coin Crypto Newz</a>.&lt;/p&gt;</p>

Crypto Investor Loses $96K in Phishing Scam

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