Ethereum phishing scam drains nearly $1 million from crypto wallet
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