{"id":25873,"date":"2025-08-06T14:59:09","date_gmt":"2025-08-06T11:59:09","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptocurrency-investor-loses-3-million-with-a-single-click\/"},"modified":"2025-08-06T14:59:09","modified_gmt":"2025-08-06T11:59:09","slug":"cryptocurrency-investor-loses-3-million-with-a-single-click","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptocurrency-investor-loses-3-million-with-a-single-click\/","title":{"rendered":"Cryptocurrency Investor Loses $3 Million with a Single Click"},"content":{"rendered":"<p>A user signed a malicious transaction without verifying the smart contract address, resulting in a loss of $3.05 million, according to analysts at Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Someone fell victim to a phishing attack, signed a malicious transfer, and lost 3.05M <a href=\"https:\/\/twitter.com\/search?q=%24USDT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDT<\/a>!<\/p>\n<p>Stay alert, stay safe. One wrong click can drain your wallet.<\/p>\n<p>Never sign a transaction you don\u2019t fully understand.<\/p>\n<p>Double-check the URL, double-check all signature requests<\/p>\n<p>Verify\u2026 <a href=\"https:\/\/t.co\/39YYe1LAoz\">pic.twitter.com\/39YYe1LAoz<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1952913481717711183?ref_src=twsrc%5Etfw\">August 6, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cStay alert and stay safe. One wrong click can drain your wallet. Never sign a transaction you don\u2019t fully understand,\u201d warned the analysts.<\/p>\n<\/blockquote>\n<p>The phishing attack employed a common tactic: fraudsters create fake addresses or links that mimic legitimate ones.<\/p>\n<p>According to experts, the victim authorized a transfer to a fraudulent address that matched the real one at the beginning and end. The middle part, often hidden by wallets for convenience, was different.<\/p>\n<p>The perpetrator transferred 3,087,821 aEthUSDT (approximately $3.05 million) from the victim to two wallets. He then sent $2.6 million to several other addresses, exchanged it for 730 ETH, and staked these tokens.<\/p>\n<p>On August 4, Scam Sniffer specialists reported another phishing attack in which an investor lost $908,551. It was noted that the user signed the malicious contract 458 days ago.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 ALERT: A victim lost $908,551 due to a phishing approval signed 458 days ago.<br \/>\ud83d\udd10 REMINDER: Regularly review and revoke old approvals \u2014 your wallet security matters! \ud83d\udcb0 <a href=\"https:\/\/t.co\/ch0HII5n31\">pic.twitter.com\/ch0HII5n31<\/a><\/p>\n<p>\u2014 Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) <a href=\"https:\/\/twitter.com\/realScamSniffer\/status\/1951528627985850508?ref_src=twsrc%5Etfw\">August 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts advise the following:<\/p>\n<ul class=\"wp-block-list\">\n<li>manually verify the entire address, not just the first and last characters;<\/li>\n<li>do not sign transactions you do not understand;<\/li>\n<li>revoke unnecessary permissions using Revoke.cash or similar tools.<\/li>\n<\/ul>\n<p>In the first half of 2025, Web3 projects <span class='old_tooltip' data-descr='lost'>lost<\/span> $3.1 billion due to hacks and fraud. Of this amount, $594 million was attributed to phishing and social engineering.<\/p>\n<p>Read more about the most notable incidents of July in the digest:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A user signed a malicious transaction without verifying the smart contract address, resulting in a loss of $3.05 million, according to analysts at Lookonchain. Someone fell victim to a phishing attack, signed a malicious transfer, and lost 3.05M $USDT! Stay alert, stay safe. One wrong click can drain your wallet. Never sign a transaction you [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1246],"class_list":["post-25873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"137","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25873"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25872"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}