PANews January 3, 2023 — According to Scam Sniffer monitoring, a user lost 12 Aave Ethereum LBTC (aEthLBTC) due to signing a malicious "approval" signature, resulting in a loss of approximately $1.08 million. Yu Chou of SlowMist noted that the phishing group responsible for this attack is not a major one. They quickly converted the stolen funds into ETH and laundered them through Tornado Cash.
User Loses $1.08M After Signing Malicious Permit for aEthLBTC
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Summary
According to PANews, a user lost 12 Aave Ethereum LBTC (aEthLBTC), worth approximately $1.08 million, after signing a malicious "permit" signature. Scam Sniffer tracked the incident, and Slow Mist's Cosine noted that the attackers quickly converted the assets into ETH and used Tornado Cash for laundering. The Ethereum news highlights the risks associated with signature-based attacks. Ongoing ETH news continues to reveal vulnerabilities in DeFi interactions.
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