Trader loses $908K to 458-day-old fake transaction

Description

A crypto user has fallen victim to a sophisticated wallet-draining scam, losing $908,551 in USD Coin (USDC) nearly 16 months after unknowingly authorizing a malicious smart contract. Onchain data reveals the approval transaction was signed on April 30, 2024 — but the theft occurred much later, on August 2, 2025. This incident marks yet another alarming breach in the crypto space. The attack began with an ERC-20 approval transaction, likely embedded in a fake airdrop or a spoofed legitimate-looki...