Well a classic approval phishing. User signed malicious token approval on phishing site, enabling scammers to drain exactly 999,999 USDT from their Ethereum wallet in 3 multicall txs (Scam Sniffer)
It came through an approval, a standard ERC-20 permission that lets another address spend tokens from a user’s wallet
Remember folks, always revoke approvals regularly at revoke.cash
submitted by /u/ocean_protocol [link] [comments]
r/CryptoCurrencyRead More
You might also be interested in reading Crypto Hedge Fund Founder Stefan Qin Accused of Fraud by SEC.