Crypto Phishing Loss Tops $3M in Weekend Attacks

A new wave of crypto phishing loss incidents over the weekend drained more than $3 million from unsuspecting victims. Attackers used deceptive transaction requests and phishing signatures to trick users into granting full wallet access.

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How the Attacks Worked

Scam Sniffer reported three major thefts during the weekend. Each attack used different phishing techniques to steal tokens and NFTs.

• $1.54 million theft – The largest incident involved an EIP-7702 phishing batch transaction. The approval allowed attackers to bundle token and NFT transfers into one malicious action.
• $1 million theft – Another victim approved what seemed like a standard Uniswap swap. Instead, the approval drained valuable tokens and NFTs.
• $500,000 theft – A third case used a deceptive “permit” phishing signature to siphon funds directly from a wallet.

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Why This Matters

The scale of this crypto phishing loss highlights how devastating a single approval can be. Unlike direct hacks, phishing relies on social engineering and misleading transaction requests. Once confirmed, transfers cannot be reversed.

• High-risk environment: Digital wallets remain a prime target for phishing.
• Human trust exploited: Victims are tricked into believing transactions are safe.
• Irreversible outcomes: Lost assets cannot be recovered once stolen.

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Protecting Your Assets

Users can reduce the risk of crypto phishing loss by adopting stronger security practices:

• Verify wallet addresses – Always check the entire address, not just the first and last characters.
• Slow down approvals – Review each transaction in detail, especially when bundled or unusual.
• Use safety tools – Platforms like Unphishable and scam detection apps can help flag malicious requests.
• Apply hardware wallets – Storing crypto in hardware wallets reduces exposure to phishing-based theft.

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Conclusion

The weekend’s crypto phishing loss wave shows how quickly attackers exploit user trust. More than $3 million vanished through malicious approvals and deceptive signatures. Staying vigilant, verifying transactions, and using extra protection measures remain the best defenses against these growing scams.