PEPE Holder Loses $1.39 Million in ‘Permit2’ Phishing Scam

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.

The stolen assets, including PEPE, MSTR, and APU tokens, were transferred to a new address (0x3076ce666f707776aaf75f6c44f8c4085375a66f) just an hour after the attack.

Source: X

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

The affected user, 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.