In a massive phishing scam, $12 million vanished from four victims within five days, exposing critical gaps in cryptocurrency security. The prevalent use of create2, a standard tool, empowers malicious actors to exploit temporary addresses and sidestep wallet defenses based on address blacklists. Moreover, the crypto scam drained millions worth of Chainlink (LINK), SatoshiVM (SAVM), Optimism (OP), Tether (USDT), USD Coin (USDC), Binance USD (BUSD) and SuperVerse (SUPER) tokens.
Details Of Recent Crypto Scam
According to Scam Sniffer, a Web3 scam tracking platform, the ERC20 permit has become a standardized weapon. It intensifies the impact of wallet-draining attacks, with collateral tokens, including LP tokens and NFTs.
Moreover, the post highlighted that the calculated use of ERC20 permit signatures has become the primary mode of operation for such crypto scams. This is a significant peril to users who unsuspectingly fall prey to seemingly legitimate ERC721 signatures designed for gas
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