PEPE Token Holder Loses $1.39 Million in Uniswap Phishing Scam Exploiting 'Permit2' Signature

In a shocking incident earlier today, Scam Sniffer reported that a PEPE holder faced a loss of $1.39 million worth of cryptocurrency stolen through a ‘permit2’ phishing signature.

A PEPE holder lost a staggering $1.39 million in cryptocurrency after falling victim to a ‘permit2’ phishing signature scam, Scam Sniffer reported earlier today.

The stolen assets, which included PEPE, MSTR, and APU tokens, were transferred to a new address (0x3076ce666f707776aaf75f6c44f8c4085375a66f) within an hour of the attack.

This phishing scam targets users by exploiting Uniswap’s Permit2 feature, which allows multiple tokens to be approved with a single signature. However, if scammers obtain a victim’s signature, they can quickly drain their wallet of various assets.

The affected user, who is a PEPE token holder, is among the latest victims of this growing trend in crypto scams. It highlights the importance of being cautious when signing transactions and the need for improved security measures in the crypto space.

As cryptocurrency adoption grows, so does the risk of scams. Users are urged to verify the legitimacy of any requests for signatures to protect their assets from these deceptive attacks.

Also Read: South Actor Chaitanya X Account Hacked, promotes Bitcoin Scam

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