Someone Just Lost $35 Million Worth of Crypto After Falling for This Phishing Scam
According to blockchain security firm Scam Sniffer, someone recently lost 15,079 fwDETH ($35 million) after falling for a phishing scam.
The “permit” option was introduced with Ethereum Improvement Proposal (EIP) 2612, making it possible to make gasless token transfers.
An off-chain authorization signature allows someone else to transfer tokens from their account.
Normally, ERC-20 token transfers represent a two-step process that consists of confirming a transaction on the blockchain by paying a gas fee and then moving a certain number of tokens to another account. Thanks to the “permit” option, a transaction gets signed off-chain. Apart from saving on gas fees, this also makes transactions more user-friendly.
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