Scam Sniffer said on Sept. 1 that two wallets lost a combined roughly $187,000 because token approvals signed in 2024 had not been revoked. One case involved SYN worth about $124,000. The approval was signed in February 2024, the funds arrived on Aug. 30, and the tokens were moved about 25 hours later. The other case involved 62,489 USDC. That approval was signed in July 2024, the funds arrived on Aug. 27, and they were moved about four days later. The alert points to the risk of leaving old token allowances in place after assets reach a wallet.
BlockBeats reported on Sept. 1 that, according to monitoring by Scam Sniffer, two wallets lost a combined roughly $187,000 because approvals signed in 2024 had not been revoked.
In one case, SYN worth about $124,000 was affected. The approval was signed in February 2024, the funds arrived on Aug. 30, and they were moved about 25 hours later. In the other case, 62,489 USDC was involved. That approval was signed in July 2024, the funds arrived on Aug. 27, and they were moved about four days later.
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