Crypto Horror Story: How One Click Drained $908K From a Digital Wallet

Another day, another crypto heist—only this one didn’t need a ski mask. A single misclick vaporized $908,000 faster than a meme coin crashes after its influencer promoter ‘takes a break’ from Twitter.

Wallet-draining scams aren’t new, but the audacity keeps hitting ATHs. Here’s the breakdown:

The Bait: A too-good-to-be-true DeFi ‘opportunity’—because when has that ever gone wrong?

The Switch: A spoofed transaction approval that didn’t just empty the wallet—it ghosted the keys too. Poof. Gone.

The Aftermath: Victim joins the ever-growing ‘I Should’ve Used a Hardware Wallet’ support group.

Pro tip: If your ‘yield farm’ requires signing away unlimited spending access, maybe—just maybe—it’s not USDA-grade organic. Stay paranoid out there.

• As the number of crypto breaches continues to increase, users are advised to increase the number of security measures used for their crypto wallets.
• On-chain data shows a wallet has been drained of $908,551 from a phishing approval signed 458 days ago.

As crypto scams and hacks become more rampant, many users and crypto investors are advised to keep their wallets and crypto investments safe and provide more safety measures. Today, we’d look into the case of a crypto user who lost about $908,000 of his crypto investment after 450 days of the hacker tracking the wallet.

How the Hack Happened

According to shared on-chain data, the victim first signed the approval to allow for the transaction on April 30, 2024. According to the details shared, the suspect believed that the transaction was hidden in such a way that it looked so harmless. It was probably masked in a fake airdrop or a website designed to mimic a legitimate crypto project. Without realizing the danger ahead of him, the user gave permission for the scammer to access and MOVE his funds from the wallet at a later time.

For more than a year, the user’s wallet remained inactive, with only little transactions worth low amounts. This lack of activities probably caused the trader to not be active for the danger ahead.
On the 2nd of July 2025, the user initiated two large fund transfers. First, $762,397 in USDC was moved into a wallet with the address 0x6c0eB6 from the user’s MetaMask wallet at 8:41 PM UTC.

Just ten minutes later, another $146,154 was transferred from the user’s Kraken account into the same wallet. These large deposits made the wallet an attractive target for the scammer, who had already been granted silent access a year before.

On August 2, 2025, the scammer finally struck and stole all the money in the wallet. This delayed attack just goes to show how scammers are becoming increasingly patient and calculated with their every move, choosing to monitor wallets long after the actual initial hack rather than acting immediately.