A user lost $85,000 in sNUSD due to signing a malicious Approve transaction.

Gate News Report, March 19 — According to GoPlus monitoring, a user was targeted by a phishing attack after signing a malicious Approve transaction, resulting in a loss of approximately $85,000 worth of sNUSD.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Kelp DAO Bridge Exploit Results in $293M Mint, Leaves Aave With Over $200M in Bad Debt

An attacker exploited a vulnerability in Kelp DAO's cross-chain bridge, stealing $293 million in unbacked rsETH. The incident caused significant losses for DeFi platforms, with Aave facing up to $236 million in bad debt and substantial impacts on the market.

GateNews4h ago

Expert Claims Altcoin Metrics Are Being 'Gamed' to Mislead Investors

Crypto researcher Orbion raises concerns over the possible manipulation of key market indicators, including the Altseason Index and Crypto Fear and Greed Index, suggesting that inflated metrics create false optimism and mislead investors about the onset of altcoin season.

Coinpedia7h ago

Curve Finance Suspends LayerZero Infrastructure Following rsETH Hack

Curve Finance has temporarily suspended its LayerZero infrastructure due to a security incident involving rsETH. The protocol is investigating the issue, affecting certain cross-chain bridging operations while others continue as normal.

GateNews8h ago

KelpDAO Exploiter Borrows $195M ETH from Aave, TVL Drops $6.28B as Whales Withdraw

Gate News message, the KelpDAO exploiter borrowed over 82,600 ETH ($195M) from Aave using RSETH as collateral, resulting in bad debt appearing on Aave. Following this incident, numerous whales withdrew funds from Aave, causing its TVL to decline from $26.396B to $20.114B, a decrease of $6.28B.

GateNews11h ago

Monad Co-Founder Suggests Dynamic Caps on Collateral Deposits to Mitigate Hacking Risks

Keone Hon suggests that pooled lending protocols should implement gradual rate limits on collateral asset increases to mitigate risks during hacks. He argues this could have prevented significant losses, as seen with rsETH depositors.

GateNews14h ago

Hong Kong Police Warn of 'AI Quantitative Trading' Crypto Scam, Woman Loses HK$7.7 Million

Hong Kong police revealed a cryptocurrency fraud where a woman lost HK$7.7 million to scammers posing as investment experts via Telegram, promising high returns through AI trading. The police warned the public of the risks associated with cryptocurrency investments.

GateNews15h ago
Comment
0/400
No comments