Crypto Heist: How a Wallet Was Drained of $908,000
With the rise in crypto-related breaches, users are being urged to ramp up their wallet security to safeguard their digital assets. Today, we delve right into a cautionary tale of a crypto investor who lost nearly $908,000 after an elaborate scheme stayed under wraps for over 450 days.
Source: Scam Sniffer (X)
Unfolding the Heist
On-chain evaluation reveals that the victim unknowingly paved the way in which for the scam on April 30, 2024, by signing an approval for what appeared like a benign transaction. This transaction was cleverly disguised, likely as a part of a fake airdrop or a deceptive website mimicking a trusted crypto project. The user, unaware of the lurking threat, granted the scammer permission to access and eventually drain funds from the wallet.
For over a yr, the wallet activity was minimal, likely giving the user a false sense of security. Then, on July 2, 2025, a major movement of funds began. The user transferred $762,397 in USDC from their MetaMask wallet to a brand new address, 0x6c0eB6, at 8:41 PM UTC.
Merely ten minutes later, one other hefty transaction of $146,154 was comprised of the user’s Kraken account to the identical wallet. These transactions caught the attention of the lurking scammer, who had been biding their time, silently waiting for the fitting moment to strike.
The Final Blow
On August 2, 2025, the scammer executed their plan, siphoning off the whole contents of the wallet. This delayed theft highlights a growing trend amongst scammers: patience and precision. By waiting over a yr, they ensured their actions remained undetected until it was too late.
Also Read: Solana (SOL) Set to Track Binance Coin (BNB) Toward a New ATH, While Pepeto (PEPETO) Sees Explosive Growth.
Image Credit: www.tronweekly.com
