Trader Loses $1.82 Million in Phishing Scam

A user fell victim to a phishing attack, losing 1.82 million Compound USDC. Analysts at Lookonchain highlighted the incident.

Someone lost $1.82M due to phishing transaction signatures!

Always double-check before signing any transaction.

Regularly review and revoke token approvals.

Use secure wallets and avoid phishing websites.

Never trust unsolicited messages or unknown airdrops.… pic.twitter.com/dvP9mksUw2

— Lookonchain (@lookonchain) March 12, 2025

According to their data, the trader signed a phishing transaction, approving the transfer of assets to the attacker’s wallet.

Analysts advised against trusting unsolicited messages or unknown airdrops.

Back in June 2024, a MakerDAO delegate lost crypto assets worth $11.1 million. The incident occurred after the victim signed several phishing permissions to interact with their address.