Trader loses $1M after signing phishing token approval
It comes as the industry recorded $366 million in phishing losses in the first half of the year. A Scam Sniffer alert on Thursday revealed a victim lost 999,999 USDt (USDT) to an Ethereum phishing token approval scam. Phishing losses totaled $723 million across 248 incidents in 2025, according to CertiK.
- ▪It comes as the industry recorded $366 million in phishing losses in the first half of the year.
- ▪A Scam Sniffer alert on Thursday revealed a victim lost 999,999 USDt (USDT) to an Ethereum phishing token approval scam.
- ▪Phishing losses totaled $723 million across 248 incidents in 2025, according to CertiK.
2 outlets in our directory ran this story. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ Trader loses $1M to onchain scammers via phishing token approval — Crypto Briefing
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| Original publisher | Cointelegraph.com News |
| Canonical URL | https://cointelegraph.com/news/trader-loses-1m-after-signing-phishing-token-approval?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound |
| Publication time | Thu, 09 Jul 2026 05:57:23 +0000 |
| Retrieval time | 2026-07-09T06:23:20.246Z |
| Last seen | 2026-07-09T06:23:20.246Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
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| Cluster | hUeukKbhh6LJ · 2 stories |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
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| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Written by Martin Youngstaff writerReviewed by Felix Ngstaff editorWritten by Martin Youngstaff writerReviewed by Felix Ngstaff editorTrader loses $1M after signing phishing token approvalLatest NewsPublishedJul 9, 2026Onchain scammers netted more than $14 billion last year, and approval phishing remains a primary attack vector.A crypto user lost nearly $1 million on Wednesday after signing a phishing token approval on Ethereum, according to onchain data. It comes as the industry recorded $366 million in phishing losses in the first half of the year. A Scam Sniffer alert on Thursday revealed a victim lost 999,999 USDt (USDT) to an Ethereum phishing token approval scam.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Cointelegraph.com News.
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