A phishing attack resulted in the theft of $1.39 million in cryptocurrency today, affecting multiple tokens like PEPE, MSTR, and APU.

Details of the Attack

According to Scam Sniffer, a PEPE token holder suffered a phishing attack via 'permit2', resulting in a loss of $1.39 million in cryptocurrency. The stolen assets were moved to a new address (0x3076ce666f707776aaf75f6c44f8c4085375a66f) just an hour after the attack.

How the Scam Operates

This phishing scam exploits Uniswap’s Permit2 feature, allowing multiple tokens to be approved with a single signature. Once scammers obtain such a signature, they can rapidly drain the victim's wallet.

Precautions and Security

The incident with the PEPE token holder highlights the growing trend of scams in the crypto space. Users should be cautious when signing transactions and verify the legitimacy of requests for signatures to avoid losses.

As cryptocurrency adoption grows, so does the risk of scams. It is crucial to stay vigilant and safeguard assets from deceptive attacks.