USDC Wallet Don Bleed $908K for 458-Day ERC-20 Phishing Scam

On August 2, 2024, one crypto user lose $908,551 for USDC after dem fall victim to one ERC-20 phishing approval scam. For April 2023, dis user no sabi grant token approval through fake airdrop website, weh give di attacker ongoing access to di wallet. Di scammer wait 458 days till two big USDC deposits land for July 2024, den dem do di drain. Dis kind delayed strike tactic dey common for ERC-20 phishing scam dem as attackers dey watch big money wey enter before dem act. Security experts dey recommend say make people dey audit ERC-20 token approval dem regular and dey use tools like Etherscan’s Token Approval Checker to revoke unnecessary permissions. Even though revoke go cost gas fee, quick action fit stop big loss. For July 2024 alone, big hacks including di CoinDCX exploit make dem thief over $142 million for di market, show how di threat still dey. Traders suppose put wallet security for front, dey monitor token approvals, and use proactive risk management to protect their funds.