#Phishing Attack Victim Loses $908K After 15-Month Dormant Scam


A crypto user lost $908,551 worth of $USDC in a sophisticated phishing attack that waited 458 days to execute.


The scammer obtained wallet permissions through a malicious approval transaction signed in April 2024, then patiently monitored the account.


The attack was triggered after the victim deposited $762,397 and $146,154 in separate transactions during July 2025.


The delay demonstrates how #phishing approval attacks work, with scammers waiting months until wallet balances justify the gas costs.


The attacker was linked to the notorious   pink-drainer.eth wallet address, known for similar long-term wallet monitoring schemes.


Security experts recommend regularly reviewing and revoking old token approvals using tools like #Etherscan's Token Approval Checker.


Bad actors stole over $142 million from the crypto space in July across at least 17 separate attacks.

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August 03, 2025 at 9:49 PM
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