A crypto user has lost nearly $1 million after approving a malicious Ethereum transaction that gave scammers access to drain almost the entire wallet balance, adding to hundreds of millions of dollars in phishing losses recorded this year.
Summary
- A crypto user lost nearly $1 million after approving a malicious Ethereum transaction that allowed scammers to drain the wallet.
- Phishing scams caused $723 million in losses across 248 incidents in 2025 as approval based attacks continued targeting crypto users.
- The latest theft follows another multimillion dollar onchain loss, highlighting separate risks from phishing approvals and flawed transaction routing.
According to…
