Trader loses $1M to onchain scammers via phishing token approval
Covered by 3 sources · 3 articles
3 outlets - including Crypto-economy, Cryptobriefing and Cointelegraph - are covering this story. TL;DR A user lost nearly $1 million after signing a fraudulent token approval on Ethereum, in a new case of onchain phishing. Phishing losses reached $723 million across 248 incidents during 2025, according to data from security firm CertiK…
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Phishing Approval Scam Drains $1M From Trader Amid Rising Onchain Fraud Activity
TL;DR A user lost nearly $1 million after signing a fraudulent token approval on Ethereum, in a new case of onchain phishing. Phishing losses reached $723 million across 248 incidents during 2025, according to data from security firm CertiK…
Trader loses $1M to onchain scammers via phishing token approval
The rise in onchain phishing scams highlights the urgent need for enhanced security measures and user education in decentralized finance.
Trader loses $1M after signing phishing token approval
Onchain scammers netted more than $14 billion last year, and approval phishing remains a primary attack vector.