A cryptocurrency user experienced significant losses due to a phishing scheme, which emphasizes the need for regular audits of wallet permissions.
Incident Overview
On August 2, 2025, a crypto user lost $908,551 in USDC due to a delayed fraud executed through a phishing scheme linked to the address pink-drainer.eth. The funds were stolen from MetaMask and Kraken wallets, totaling $762,397 and $146,154, respectively. Despite the substantial losses, this incident did not impact market metrics like TVL or staking. Similar frauds using long-term approvals have been previously reported.
Security Implications and Recommendations
The delay in executing the fraud highlights the importance of regular checks for token allowances. Experts stress the need for wallet audits to prevent unauthorized access. Historical analysis indicates that similar delayed phishing scams are prevalent among users. Meanwhile, governance or DeFi tokens remained unaffected by this incident.
Conclusion
This case serves as a reminder of the importance of periodically reviewing wallet permissions before introducing new funds. Regular auditing can significantly reduce the risk of financial loss for users.
Financial security in the crypto world requires users to continually monitor their assets and permissions.
