Phishing Scam Costs User $11 Million
According to
Scam Sniffer, a recent phishing scam resulted in a MakerDAO governance delegate losing over $11 million in tokens.
Long story short, this scam case shows
the dangers of permit signatures, which allow offchain authorization for smart contract interactions. While convenient, this feature can be exploited by scammers posing as legitimate websites.
To protect yourself:
Verify website authenticity before signing anything
Be cautious of requests for offchain signatures
Use wallets with clear signature information displays
Stay informed about common scam tactics This case serves as a stark reminder that even experienced users can fall victim to sophisticated phishing attempts. Always prioritize security in the fast-paced crypto world.
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