The post Ethereum phishing scam drains nearly $1 million from crypto wallet appeared on BitcoinEthereumNews.com.
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 blockchain security platform Scam Sniffer, the victim lost 999,999 Tether (USDT) in an Ethereum phishing token approval scam on Wednesday after signing a malicious approval request. On-chain data showed the attac
The post Ethereum Indecision Deepens: Some Holders Panic Sell, While Others Buy the Dip appeared on BitcoinEthereumNews.com.
Ethereum (ETH) traders have splintered into two camps as the price slide deepens. Roughly 100,000 addresses deposited to Binance during a panic move, while withdrawals climbed at the same time. The divided response now stretches beyond on-chain flows. On Polymarket, bettors price both a recovery and a deeper decline as likely outcomes, showing how sharply the market disagrees on Ethereum’s next move. Binance Deposits Spike as ETH Tests Panic Lows Ethereum trades near $1,730, down about 1.57% over the past day yet up roughly 7% across the week, according to BeInCrypto Markets. Follow us on X to get the latest news as it happens Ethereum (ETH) Price Performance. Source: BeInCrypto Markets The latest drop coincided with escalating US-Iran tensions. The conflict has been a key factor impacting risk assets since March. Analyst Darkfost flagged that the crypto market
The post A 20-Year-Old’s Crypto Wallet Moved $123M in Romance-Scam Cash: Interpol Says appeared on BitcoinEthereumNews.com.
In brief Thai police arrested two people over a scheme that laundered romance-scam proceeds through crypto, using cross-chain swaps to hide the trail, Interpol said. One suspect, aged 20, controlled a wallet that processed more than $122.5 million in 10 months. The arrests came out of Operation First Light 2026, a four-month push across 97 countries and territories that led to 5,811 arrests and the interception of $293 million in illicit assets. Interpol said it identified more than 142,000 victims and blocked over 31,000 bank accounts, using its I-GRIP stop-payment tool to check the flows of fiat and virtual assets. A 20-year-old’s cryptocurrency wallet moved more than $122.5 million in just 10 months as part of a scheme to launder money stolen from romance-scam victims, Interpol said, in one of the standout cases from a sweeping global anti-fraud operation. Thai
The post Bitcoin ETFs Extend Inflows As Ethereum ETFs Outpace BTC appeared on BitcoinEthereumNews.com.
Key Insights Bitcoin ETFs logged a third straight inflow day. Ethereum ETFs drew stronger demand than BTC funds. BlackRock buying offset selling from rival issuers. Bitcoin ETFs recorded fresh U.S. inflows on July 7, as institutional demand returned across spot crypto funds. SoSoValue data showed capital entered Bitcoin and Ethereum products, even as BTC traded weaker near $62,099. The move mattered because Bitcoin ETFs had recently faced pressure from risk reduction. Ethereum ETFs gained stronger daily demand, which showed investors did not treat all crypto exposure equally. Bitcoin ETFs Extend Streak As BlackRock Buys SoSoValue data showed spot Bitcoin ETFs posted $21.435 million in net inflows. The reading marked three consecutive sessions of positive flows after a difficult stretch for issuers. Source: SoSoValue Crypto Patel’s flow table showed U.S. funds bought about 337 BTC duri
The post Crypto User Loses $999,999 in USDT to One Phishing Signature: How to Stay Safe appeared on BitcoinEthereumNews.com.
An unidentified crypto user lost $999,999 in USDT to an Ethereum phishing attack after signing a fraudulent token approval request. On-chain records show the attackers split the stolen funds into three transactions. The transfers landed inside Ethereum blocks 25489460 and 25489463 within minutes of the signature. Token approval phishing remains one of the most persistent threats in decentralized finance. Attackers do not need a victim’s private keys to steal funds. Instead, they trick users into signing a request that grants a contract broad access to a token. The approval then stays active until someone revokes it. Inside the Ethereum Phishing Attack This pattern has hit crypto users repeatedly through 2026. The victim’s wallet held an unlimited allowance for the token, which gave the attacker room to act without any further confirmation. In May, a fake Uniswap
The post MemeCore (M) Plunges Hard Again, Bitcoin (BTC) Eyes $63K: Market Watch appeared on BitcoinEthereumNews.com.
In contrast, ARB and SKY are today’s top performers, gaining around 9% each. Bitcoin’s relatively minor volatility sessions continued in the past 24 hours as the asset dipped below $62,000 again before it rebounded by over a grand, only to be halted again. Most larger-cap alts have remained sluggish on a daily scale, with ETH fighting for $1,750, while XRP is battling the $1.10 level. BTC Challenges $63K Following the painful start of the month when BTC slipped below $58,000 for the first time in almost two years, the cryptocurrency tried to stage a notable recovery that drove it to over $60,000 instantly and to $63,000 during the weekend. The bulls kept pressing the gas pedal, and bitcoin jumped to $64,000 at the start of the business week. However, Strategy’s bigger sale led to an immediate leg down to $61,200, where BTC found some support and rebounded sharply. In t
The post XRP ETFs Log One of Biggest Outflows of 2026 appeared on BitcoinEthereumNews.com.
Reen volatility A drop in the bucket XRP spot exchange-traded funds have recorded a substantial $7.29 million net outflow. This is the most significant single-day loss that these funds have recorded since March. The Bitwise factor XRP ETFs Log One of Biggest Outflows of 2026 Can Cashcat (CASHCAT) Become Next Shiba Inu (SHIB)? Ethereum’s (ETH) Strongest Recovery Yet, Bitcoin (BTC) Reversal Is Close: Crypto Market Review Notably, a single fund for the unfortunate outflows. The Bitwise XRP ETF fully absorbed the $7.29 million net redemption. However, despite bleeding capital during the mid-week trading session, the broader outlook for the Bitwise product remains rather positive. The fund’s cumulative historical net inflow still sits at an impressive $494 million. However, it has lost only a fraction of the total capital it has attracted since its inception. Reen volatility The July 8 outflow
