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$908K USDC Stolen, 458 Days After Approval: ‘Your Wallet Security Matters!’
In a shocking turn of events, it has been reported that nearly $1 million in USD Coin (USDC) was stolen from a user’s wallet after an astonishing 458 days following the initial approval. The incident serves as a stark reminder that even older approvals can be exploited by malicious actors.
According to reports, the attacker waited patiently for over 15 months before executing the final blow on August 2nd. This staggering delay in exploitation raises serious concerns about the security of user wallets and highlights the urgent need for users to regularly review and revoke old approvals.
The incident is a stark reminder that no approval can be considered ‘old news’ when it comes to wallet security. Scammers are getting increasingly sophisticated, exploiting even older approvals to drain unsuspecting victims of their digital assets.
This alarming trend underscores the necessity for users to prioritize wallet security above all else. It’s crucial to regularly review and revoke old approvals to avoid falling prey to such scams.
Source: ambcrypto.com
